Exhibit 35.3



|                                |  |                                
|------------------------------- |  | -------------------------------
|[PHH Mortgage Corporation Logo] |  | Martin L. Foster               
|                                | 
|                                |  | Senior Vice President          
|                                |  | Loan Servicing and Post Closing
|                                | 
|2001 Bishops Gate Boulevard     |  | T: (856) 917-8222              
|Mt. Laurel, NJ 08054            |  | F: (856) 917-8280              

FORM 1123 CERTIFICATION

ANNUAL STATEMENT OF COMPLIANCE

I, Martin L. Foster, the undersigned, an
authorized officer of PHH Mortgage Corporation (the Servicer), do certify the following for the calendar year ended December 31, 2014:

1. A review of the Servicers activities during the reporting period and of its performance under the servicing agreement[s] listed on Schedule 1 hereto (the Agreement(s)) has been made
under such officers supervision.

2. To the best of such officers knowledge, based on such review, the Servicer
has fulfilled all of its obligations under the Agreement(s) in all material respects throughout the reporting period. I note that Schedule 2 hereto discloses an instance of the Servicers failure to fulfill an obligation under the Agreement(s),
which was confirmed after the end of the calendar year ended December 31, 2014, specifying such fialure and the nature and status thereof. I further note that the Servicer does not believe this failure to fulfill an obligation is material.



|                                       |  |                      
|-------------------------------------- |  | ---------------------
|Certified by: PHH Mortgage Corporation
|                                       | 
|By:                                    |  | /s/ Martin L. Foster 
|                                       | 
|Name:                                  |  | Martin L. Foster     
|                                       | 
|Title:                                 |  | Senior Vice President
|                                       | 
|Date:                                  |  | February 26, 2015    



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SCHEDULE 1

[List of applicable contracts]

Citibank As Securities Administrator



|                    |  |              |  |                          |  | 
|------------------- |  | ------------ |  | ------------------------ |  | 
|PHH Investor Number |  | PHH Category |  | Deal Name/Agreement Name |  | 
|G90                 |  | 001          |  | SEMT 2011-1              |  | 
|G90                 |  | 003          |  | SEMT 2011-2              |  | 
|R87                 |  | All          |  | SEMT 2012-1              |  | 
|S24                 |  | All          |  | SEMT 2012-3              |  | 
|S40                 |  | All          |  | SEMT 2012-4              |  | 
|S42                 |  | All          |  | SEMT 2012-5              |  | 
|S47                 |  | All          |  | SEMT 2012-6              |  | 
|S52                 |  | All          |  | SEMT 2013-1              |  | 
|S54                 |  | All          |  | SEMT 2013-2              |  | 
|S67                 |  | All          |  | SEMT 2013-7              |  | 
|R97                 |  | All          |  | SEMT 2012-2              |  | 



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SCHEDULE 2

Last year, the Servicer disclosed that its mortgage servicing platform used funds held for future distribution to reimburse itself for historical principal and interest advances (i.e., pool-level
reimbursement) even when the Agreement(s) did not contemplate such a use of funds. Consistent with pool-level reimbursement, such funds were replaced by the Servicer for remittance in connection with the applicable collection period. At no point in
time did the trust fund under the Agreement(s) ever fail to receive a complete and correct remittance when due. The above statements still applied to calendar year 2014 as the Servicer has been in discussions with its platform vendor and other
vendors about revising the functionality of the platfonn as well as other opportunities to resolve this issue. The Servicer has developed a process to prevent the reimbursement of the P&I advance to the Servicer from funds held for future
distribution and has engaged a vendor to implement. The Servicer plans to have the solution implemented thereby resolving this issue by the end of the third calendar quarter in 2015, subject to vendor implementation processes.