Exhibit 31



SEMT 2012-3

EX-31 Rule 13a-14(d)/15d-14(d)
Certification.

I, John Isbrandtsen, 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 Sequoia Mortgage Trust 2012-3 (the Exchange Act periodic
reports);
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| | 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;
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| | 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;
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| | 4. | Based on my knowledge and 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
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| | 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.
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In giving the certifications
above, I have reasonably relied on information provided to me by the following unaffiliated parties: Cenlar, FSB as Servicer, First Republic Bank as Servicer, PHH Mortgage Corporation as Servicer, Wells Fargo Bank, N.A. as Custodian and Wells Fargo
Bank, N.A. as Master Servicer, Paying Agent and Securities Administrator.

Date: March 28, 2014



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|/s/ John Isbrandtsen
|Signature           

Chairman of the Board and Chief Executive Officer

(senior officer in charge of securitization of the depositor)