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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 2/21/20 First Investors Fin’l Svcs Gp Inc ABS-15G:2 2/21/20 2:216K Dechert LLP First Investors Financial Services Group Inc - Depositor First Investors Financial Services Group Inc - Securitizer |
Document/Exhibit Description Pages Size 1: ABS-15G Asset-Backed Securitizer Report HTML 12K 2: EX-99.1 Report of Independent Certified Public Accountants HTML 78K
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REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS
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Board of Directors and Management
First Investors Financial Services, Inc.
5757 Woodway Dr. Suite 400
Wells Fargo Securities, LLC
550 S. Tryon Street
MAC D1086-051
Credit Suisse Securities (USA), LLC
Eleven Madison Ave.
Ladies and Gentlemen:
We have performed the procedures enumerated below, which were agreed to by the Board of Directors and management of First Investors Financial
Services, Inc. (the “Seller”), Wells Fargo Securities, LLC and Credit Suisse Securities (USA), LLC (collectively, the “specified parties”), in their evaluation of certain information with respect to attributes of certain loans (the
“Loans”) related to the First Investors Auto Owner Trust 2020-1 Offering Memorandum (the “Offering Memorandum”). The Seller’s management is responsible for the loan information described above related to the Offering Memorandum. The
sufficiency of these procedures is solely the responsibility of the parties specified in this report. Consequently, we make no representation regarding the sufficiency of the procedures enumerated below either for the purpose for which
this report has been requested or for any other purpose.
We performed the procedures enumerated below with respect to the testing performed in Item 2. The procedures we performed and our findings are as
follows:
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| 1. |
Obtained from the Seller an electronic file of information for the Loans which the Seller represents is as of the close of business on January 31, 2020 (the “January Data Tape”).
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| 2. |
The 200 automobile receivables noted in Exhibit A were selected by Wells Fargo Securities, LLC from the January Data Tape. We compared the following information
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to the related Loan Agreement or recalculated the information from the Loan Agreement noting no exceptions:
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● Loan number
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● Original amount financed
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● First payment date (scheduled)
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● Original term to maturity
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● Monthly payment
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● Interest rate
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● Vehicle type (new/used)
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● State (borrower)
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● Last 4 digits of the VIN
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This agreed-upon procedures engagement was conducted in accordance with attestation standards established by the American
Institute of Certified Public Accountants. We were not engaged to and did not conduct an examination or review, the objective of which would be the expression of an opinion or conclusion, respectively, on certain information with
respect to attributes of the Loans relating to the Offering Memorandum. Accordingly, we do not express such an opinion or conclusion. Had we performed additional procedures, other matters might have come to our attention that would
have been reported to you.
Our agreed-upon procedures engagement was not conducted for the purpose of the following:
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Addressing the conformity of the origination of the assets to stated underwriting or credit extension guidelines, standards, criteria, or other requirements
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Addressing the value of collateral securing any such assets being securitized
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Addressing the compliance of the originator of the assets with federal, state, and local laws and regulations
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Satisfying any criteria for due diligence published by a nationally recognized statistical rating organization
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Addressing any other factor or characteristic of the assets that would be material to the likelihood that the issuer of the asset-backed security will pay interest and principal in accordance with
applicable terms and conditions
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Forming any conclusion
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Any other terms or requirements of the transaction that do not appear in this report.
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This report is intended solely for the information and use of the specified parties. It is not intended to be, and should not be, used by anyone other than these specified parties, including investors
and rating agencies, who are not identified as specified parties but who may have access to this report as required by law or regulation.
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File Date
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Customer No.
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Loan Number
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1
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1/31/2020
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6692669
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[Redacted]
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2
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1/31/2020
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5666094
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[Redacted]
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3
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1/31/2020
|
5753348
|
[Redacted]
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4
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1/31/2020
|
5297213
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[Redacted]
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5
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1/31/2020
|
6718621
|
[Redacted]
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6
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1/31/2020
|
5736459
|
[Redacted]
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7
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1/31/2020
|
8881559
|
[Redacted]
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8
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1/31/2020
|
5668413
|
[Redacted]
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9
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1/31/2020
|
6711378
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[Redacted]
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10
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1/31/2020
|
8925844
|
[Redacted]
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11
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1/31/2020
|
6709307
|
[Redacted]
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12
|
1/31/2020
|
5576343
|
[Redacted]
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13
|
1/31/2020
|
5223458
|
[Redacted]
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14
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1/31/2020
|
6724199
|
[Redacted]
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15
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1/31/2020
|
5174958
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[Redacted]
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16
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1/31/2020
|
6686174
|
[Redacted]
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17
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1/31/2020
|
6714364
|
[Redacted]
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18
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1/31/2020
|
6725527
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[Redacted]
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19
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1/31/2020
|
6728315
|
[Redacted]
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20
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1/31/2020
|
6672364
|
[Redacted]
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21
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1/31/2020
|
6705198
|
[Redacted]
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22
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1/31/2020
|
6695035
|
[Redacted]
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23
|
1/31/2020
|
6693972
|
[Redacted]
|
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24
|
1/31/2020
|
5592738
|
[Redacted]
|
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25
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1/31/2020
|
6689145
|
[Redacted]
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26
|
1/31/2020
|
6734891
|
[Redacted]
|
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27
|
1/31/2020
|
6716062
|
[Redacted]
|
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28
|
1/31/2020
|
6731582
|
[Redacted]
|
|
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29
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1/31/2020
|
6727143
|
[Redacted]
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30
|
1/31/2020
|
5643531
|
[Redacted]
|
|
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31
|
1/31/2020
|
5631668
|
[Redacted]
|
|
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32
|
1/31/2020
|
5366554
|
[Redacted]
|
|
|
33
|
1/31/2020
|
6701650
|
[Redacted]
|
|
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34
|
1/31/2020
|
6685804
|
[Redacted]
|
|
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35
|
1/31/2020
|
6682546
|
[Redacted]
|
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36
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1/31/2020
|
8631632
|
[Redacted]
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37
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1/31/2020
|
6681266
|
[Redacted]
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38
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1/31/2020
|
5585153
|
[Redacted]
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39
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1/31/2020
|
6712285
|
[Redacted]
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40
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1/31/2020
|
6688105
|
[Redacted]
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41
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1/31/2020
|
6696744
|
[Redacted]
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42
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1/31/2020
|
6711329
|
[Redacted]
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43
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1/31/2020
|
6708903
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[Redacted]
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44
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1/31/2020
|
5423728
|
[Redacted]
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45
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1/31/2020
|
6684146
|
[Redacted]
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46
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1/31/2020
|
5167192
|
[Redacted]
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47
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1/31/2020
|
5659867
|
[Redacted]
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48
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1/31/2020
|
5412788
|
[Redacted]
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49
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1/31/2020
|
6705537
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[Redacted]
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50
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1/31/2020
|
8217309
|
[Redacted]
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File Date
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Customer No.
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Loan Number
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51
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1/31/2020
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6709455
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[Redacted]
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52
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1/31/2020
|
6732408
|
[Redacted]
|
|
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53
|
1/31/2020
|
6707392
|
[Redacted]
|
|
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54
|
1/31/2020
|
8053423
|
[Redacted]
|
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55
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1/31/2020
|
6708044
|
[Redacted]
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56
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1/31/2020
|
5511795
|
[Redacted]
|
|
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57
|
1/31/2020
|
6716435
|
[Redacted]
|
|
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58
|
1/31/2020
|
6728422
|
[Redacted]
|
|
|
59
|
1/31/2020
|
5215124
|
[Redacted]
|
|
|
60
|
1/31/2020
|
8439671
|
[Redacted]
|
|
|
61
|
1/31/2020
|
6731020
|
[Redacted]
|
|
|
62
|
1/31/2020
|
6710479
|
[Redacted]
|
|
|
63
|
1/31/2020
|
6703128
|
[Redacted]
|
|
|
64
|
1/31/2020
|
5774385
|
[Redacted]
|
|
|
65
|
1/31/2020
|
5348743
|
[Redacted]
|
|
|
66
|
1/31/2020
|
6729669
|
[Redacted]
|
|
|
67
|
1/31/2020
|
6692123
|
[Redacted]
|
|
|
68
|
1/31/2020
|
5464086
|
[Redacted]
|
|
|
69
|
1/31/2020
|
5685532
|
[Redacted]
|
|
|
70
|
1/31/2020
|
6682801
|
[Redacted]
|
|
|
71
|
1/31/2020
|
5650445
|
[Redacted]
|
|
|
72
|
1/31/2020
|
6692636
|
[Redacted]
|
|
|
73
|
1/31/2020
|
8237232
|
[Redacted]
|
|
|
74
|
1/31/2020
|
6686422
|
[Redacted]
|
|
|
75
|
1/31/2020
|
6700280
|
[Redacted]
|
|
|
76
|
1/31/2020
|
6732788
|
[Redacted]
|
|
|
77
|
1/31/2020
|
4994554
|
[Redacted]
|
|
|
78
|
1/31/2020
|
6719249
|
[Redacted]
|
|
|
79
|
1/31/2020
|
5447396
|
[Redacted]
|
|
|
80
|
1/31/2020
|
8872756
|
[Redacted]
|
|
|
81
|
1/31/2020
|
5514054
|
[Redacted]
|
|
|
82
|
1/31/2020
|
5577432
|
[Redacted]
|
|
|
83
|
1/31/2020
|
6715510
|
[Redacted]
|
|
|
84
|
1/31/2020
|
6674717
|
[Redacted]
|
|
|
85
|
1/31/2020
|
6698534
|
[Redacted]
|
|
|
86
|
1/31/2020
|
5459516
|
[Redacted]
|
|
|
87
|
1/31/2020
|
6674113
|
[Redacted]
|
|
|
88
|
1/31/2020
|
6732739
|
[Redacted]
|
|
|
89
|
1/31/2020
|
6682579
|
[Redacted]
|
|
|
90
|
1/31/2020
|
6717607
|
[Redacted]
|
|
|
91
|
1/31/2020
|
6725006
|
[Redacted]
|
|
|
92
|
1/31/2020
|
6725774
|
[Redacted]
|
|
|
93
|
1/31/2020
|
6671804
|
[Redacted]
|
|
|
94
|
1/31/2020
|
5379649
|
[Redacted]
|
|
|
95
|
1/31/2020
|
6688543
|
[Redacted]
|
|
|
96
|
1/31/2020
|
6716898
|
[Redacted]
|
|
|
97
|
1/31/2020
|
5587431
|
[Redacted]
|
|
|
98
|
1/31/2020
|
6733174
|
[Redacted]
|
|
|
99
|
1/31/2020
|
5737853
|
[Redacted]
|
|
|
100
|
1/31/2020
|
6709828
|
[Redacted]
|
|
File Date
|
Customer No.
|
Loan Number
|
||
|
101
|
1/31/2020
|
5374442
|
[Redacted]
|
|
|
102
|
1/31/2020
|
6701858
|
[Redacted]
|
|
|
103
|
1/31/2020
|
6710313
|
[Redacted]
|
|
|
104
|
1/31/2020
|
5233440
|
[Redacted]
|
|
|
105
|
1/31/2020
|
8152696
|
[Redacted]
|
|
|
106
|
1/31/2020
|
5175807
|
[Redacted]
|
|
|
107
|
1/31/2020
|
6696181
|
[Redacted]
|
|
|
108
|
1/31/2020
|
6732358
|
[Redacted]
|
|
|
109
|
1/31/2020
|
5404389
|
[Redacted]
|
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|
110
|
1/31/2020
|
5724703
|
[Redacted]
|
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|
111
|
1/31/2020
|
5271549
|
[Redacted]
|
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112
|
1/31/2020
|
5740527
|
[Redacted]
|
|
|
113
|
1/31/2020
|
6696082
|
[Redacted]
|
|
|
114
|
1/31/2020
|
6699896
|
[Redacted]
|
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|
115
|
1/31/2020
|
5667258
|
[Redacted]
|
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116
|
1/31/2020
|
6691737
|
[Redacted]
|
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117
|
1/31/2020
|
6719744
|
[Redacted]
|
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|
118
|
1/31/2020
|
6682058
|
[Redacted]
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119
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1/31/2020
|
5353644
|
[Redacted]
|
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120
|
1/31/2020
|
5331822
|
[Redacted]
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121
|
1/31/2020
|
5395876
|
[Redacted]
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122
|
1/31/2020
|
5519681
|
[Redacted]
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123
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1/31/2020
|
6733810
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[Redacted]
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124
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1/31/2020
|
5217237
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[Redacted]
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125
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1/31/2020
|
6685648
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[Redacted]
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126
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1/31/2020
|
6708820
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[Redacted]
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127
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1/31/2020
|
5426135
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[Redacted]
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128
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1/31/2020
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6729453
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[Redacted]
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129
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1/31/2020
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6709943
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[Redacted]
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130
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1/31/2020
|
6683676
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[Redacted]
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131
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1/31/2020
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6725600
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[Redacted]
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132
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1/31/2020
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8851750
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[Redacted]
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133
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1/31/2020
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8950859
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[Redacted]
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134
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1/31/2020
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6728174
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[Redacted]
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135
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1/31/2020
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6692065
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[Redacted]
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136
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1/31/2020
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6688568
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[Redacted]
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137
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1/31/2020
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5753017
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[Redacted]
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138
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1/31/2020
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5248554
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[Redacted]
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139
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1/31/2020
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8099855
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[Redacted]
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140
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1/31/2020
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5373949
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[Redacted]
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141
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1/31/2020
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6719751
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[Redacted]
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142
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1/31/2020
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5287628
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[Redacted]
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143
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1/31/2020
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5391560
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[Redacted]
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144
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1/31/2020
|
6689103
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[Redacted]
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145
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1/31/2020
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5310578
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[Redacted]
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146
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1/31/2020
|
6704464
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[Redacted]
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147
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1/31/2020
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5671730
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[Redacted]
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148
|
1/31/2020
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5474572
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[Redacted]
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149
|
1/31/2020
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6723852
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[Redacted]
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150
|
1/31/2020
|
5694377
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[Redacted]
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|
File Date
|
Customer No.
|
Loan Number
|
||
|
151
|
1/31/2020
|
5674585
|
[Redacted]
|
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152
|
1/31/2020
|
5754627
|
[Redacted]
|
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153
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1/31/2020
|
5709472
|
[Redacted]
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154
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1/31/2020
|
6695217
|
[Redacted]
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155
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1/31/2020
|
6719140
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[Redacted]
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156
|
1/31/2020
|
8664237
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[Redacted]
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157
|
1/31/2020
|
6718399
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[Redacted]
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158
|
1/31/2020
|
8443152
|
[Redacted]
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159
|
1/31/2020
|
6731905
|
[Redacted]
|
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160
|
1/31/2020
|
5741848
|
[Redacted]
|
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161
|
1/31/2020
|
6720890
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[Redacted]
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162
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1/31/2020
|
6691380
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[Redacted]
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163
|
1/31/2020
|
5643069
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[Redacted]
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164
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1/31/2020
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8712846
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[Redacted]
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165
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1/31/2020
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5410733
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[Redacted]
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166
|
1/31/2020
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5713870
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[Redacted]
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167
|
1/31/2020
|
5390141
|
[Redacted]
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168
|
1/31/2020
|
5240130
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[Redacted]
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169
|
1/31/2020
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6716682
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[Redacted]
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170
|
1/31/2020
|
6705420
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[Redacted]
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171
|
1/31/2020
|
6731699
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[Redacted]
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172
|
1/31/2020
|
5269220
|
[Redacted]
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173
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1/31/2020
|
6652671
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[Redacted]
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174
|
1/31/2020
|
6730345
|
[Redacted]
|
|
|
175
|
1/31/2020
|
5716758
|
[Redacted]
|
|
|
176
|
1/31/2020
|
6733323
|
[Redacted]
|
|
|
177
|
1/31/2020
|
6713416
|
[Redacted]
|
|
|
178
|
1/31/2020
|
6722185
|
[Redacted]
|
|
|
179
|
1/31/2020
|
6721070
|
[Redacted]
|
|
|
180
|
1/31/2020
|
6725634
|
[Redacted]
|
|
|
181
|
1/31/2020
|
6718837
|
[Redacted]
|
|
|
182
|
1/31/2020
|
6714984
|
[Redacted]
|
|
|
183
|
1/31/2020
|
5166152
|
[Redacted]
|
|
|
184
|
1/31/2020
|
6730097
|
[Redacted]
|
|
|
185
|
1/31/2020
|
5663166
|
[Redacted]
|
|
|
186
|
1/31/2020
|
6684658
|
[Redacted]
|
|
|
187
|
1/31/2020
|
5705991
|
[Redacted]
|
|
|
188
|
1/31/2020
|
6701908
|
[Redacted]
|
|
|
189
|
1/31/2020
|
6716732
|
[Redacted]
|
|
|
190
|
1/31/2020
|
5559760
|
[Redacted]
|
|
|
191
|
1/31/2020
|
5607767
|
[Redacted]
|
|
|
192
|
1/31/2020
|
8177446
|
[Redacted]
|
|
|
193
|
1/31/2020
|
6733182
|
[Redacted]
|
|
|
194
|
1/31/2020
|
6714653
|
[Redacted]
|
|
|
195
|
1/31/2020
|
6703771
|
[Redacted]
|
|
|
196
|
1/31/2020
|
5414362
|
[Redacted]
|
|
|
197
|
1/31/2020
|
6727358
|
[Redacted]
|
|
|
198
|
1/31/2020
|
5577085
|
[Redacted]
|
|
|
199
|
1/31/2020
|
5503966
|
[Redacted]
|
|
|
200
|
1/31/2020
|
6714026
|
[Redacted]
|
| This ‘ABS-15G’ Filing | Date | Other Filings | ||
|---|---|---|---|---|
 | ||||
| Filed on / For Period end: | 2/21/20 | None on these Dates | ||
| 1/31/20 | ||||
| List all Filings | ||||
