Betsy Vartanian, the senior-most member of the Enterprise Mortgage Acceptance Company (EMAC) workout team, recently left her post at GMAC Commercial Mortgage's Univest Financial Services, which began servicing the trusts shortly after EMAC missed a servicer advance back in April.

From a ratings perspective, generically speaking, the impact of a staffing issue at the servicing level has the potential to have a material impact on the overall franchise pool performance, Fitch said.

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