Exhibit 99.3 Exhibit I Management's Assertion Concerning Compliance with USAP Minimum Servicing Standards March 26, 2003 As of and for the year ended December 31, 2002, The CIT Group/Sales Financing, Inc. (the "Company"), a wholly owned subsidiary of CIT Group Inc., has complied in all material respects with the minimum servicing standards set forth in the Mortgage Bankers Association of America's Uniform Single Attestation Program for Mortgage Bankers ("USAP"). As of and for this same period, CIT Group Inc. had in effect a financial institution bond, computer crime policy, and errors and omissions policy in the following amounts: - -------------------------------------------------------------------------------- Insurance Type Coverage Coverage - -------------------------------------------------------------------------------- Financial institution bond $60mm 09/30/98 to 09/15/02 ----------------------------------------------- $60mm 09/30/02 to 09/30/03 - -------------------------------------------------------------------------------- Computer crime policy $60mm 09/30/98 to 09/15/02 ----------------------------------------------- $60mm 09/30/02 to 09/30/03 - -------------------------------------------------------------------------------- Errors and omissions $25mm 12/30/01 to 12/30/02 ----------------------------------------------- $10mm 12/30/02 to 12/30/03 - -------------------------------------------------------------------------------- /s/ Thomas B. Hallman - ------------------------------------ Thomas B. Hallman President & Chief Executive Officer The CIT Group/Sales Financing, Inc. /s/ William L. Schumm - ------------------------------------ William L. Schumm Executive Vice President The CIT Group/Sales Financing, Inc. /s/ Kenneth P. Reynolds - ------------------------------------ Kenneth P. Reynolds Senior Vice President, Treasurer The CIT Group/Sales Financing, Inc. /s/ Frank Garcia - ------------------------------------ Frank Garcia Senior Vice President The CIT Group/Sales Financing, Inc.