Moody's Investors Service and Fitch Ratings assigned provisional ratings of ‘P-1’/ ‘F-1’ to Wells Fargo’s $100 million term ABS, Series 2013-MM1 deal that is backed by collateralized servicer advance receivables.

The proceeds of the notes are used to finance servicing advance receivables. Along with the term notes the trust will also offer draw notes and variable funding notes. Moody's will only rate the term notes.

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