EXHIBIT 31
Rule 13a-14(d)/15d-14(d) Certifications

I, Kristen Ann Cronin, certify that:

1. I have reviewed  this report on Form 10-K and all reports on Form 10-D
   required to be filed in respect of the period  covered by this report on
   Form 10-K of ACE Securities  Corp.  Home Equity Loan Trust,  Series
   2006-ASAP3  (the "Exchange Act periodic reports");

2. Based on my  knowledge,  the  Exchange  Act  periodic  reports,  taken as a
   whole,  do not contain any untrue  statement  of a material fact or omit to
   state a material fact  necessary to make the  statements  made, in light of
   the circumstances under which such statements were made, not misleading with
   respect to the period covered by this report;

3. Based on my knowledge,  all of the distribution,  servicing and other
   information  required to be provided under Form 10-D for the period covered
   by this report is included in the Exchange Act periodic reports;

4. I am  responsible  for reviewing the activities performed by the  servicers
   and based on my knowledge and the compliance reviews conducted in preparing
   the servicer  compliance  statements  required in this report under Item
   1123 of Regulation AB, and except as disclosed in the Exchange Act periodic
   reports,  the  servicers  have  fulfilled  their  obligations  under the
   servicing agreements in all material respects; and

5. All of the reports on  assessment  of  compliance  with  servicing  criteria
   for asset-backed securities and their related attestation  reports on
   assessment of compliance with servicing criteria for asset-backed securities
   required to be included in this report in accordance with Item 1122 of
   Regulation AB and Exchange Act Rules 13a-18 and 15d-18 have been included as
   an exhibit to this report,  except as otherwise  disclosed in this report.
   Any material instances of noncompliance described in such reports have been
   disclosed in this report on Form 10-K.

In giving the  certifications  above, I have reasonably  relied on information
provided to me by the following  unaffiliated  parties: Ocwen Loan Servicing,
LLC as Servicer.

Dated: April 3, 2008


/s/ Kristen Ann Cronin
Signature

Vice President
senior officer in charge of the servicing function of the master servicer
Title