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                                                                    Exhibit 99.2

                 [GREENPOINT MORTGAGE FUNDING, INC. LETTERHEAD]



                                 March 29, 2002

TO ALL PARTIES LISTED ON SCHEDULE A
ATTACHED HERETO:


              RE:    GreenPoint Home Equity Loan Trust (Series 2001-2);
                     Accountants' Servicing Report regarding the Master Servicer
                     -----------------------------------------------------------


Ladies and Gentlemen:


          Pursuant to Section 3.10 of the Sale and Servicing Agreement and
Section 5(f) of the Underwriting Agreement with respect to the above-referenced
offering, enclosed please find a copy of the Accountants' Servicing Report
concerning the activities of GreenPoint Mortgage Funding, Inc. (as Master
Servicer) during the preceding year.

                                        Very truly yours

                                        GREENPOINT MORTGAGE
                                        FUNDING, INC.,
                                        as Master Servicer

                                         /s/ Nathan Hieter
                                       -----------------------------------------
                                       Nathan Hieter
                                       Vice President

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                       [PRICEWATERHOUSECOOPERS LETTERHEAD]

                        REPORT OF INDEPENDENT ACCOUNTANT


To the Board of Directors and Shareholder of
GreenPoint Mortgage Funding, Inc.


We have examined management's assertion about GreenPoint Mortgage Funding,
Inc.'s (the "Company"), a wholly-owned subsidiary of GreenPoint Bank, compliance
with the minimum servicing standards identified in the Mortgage Bankers
Association of America's Uniform Single Attestation Program for Mortgage Bankers
               -----------------------------------------------------------------
("USAP") as of and for the year ended December 31, 2001 included in the
accompanying management assertion (see Exhibit 1). Management is responsible for
the Company's compliance with those minimum servicing standards. Our
responsibility is to express an opinion on management's assertion about the
entity's compliance based on our examination.

Our examination was made in accordance with attestation standards established by
the American Institute of Certified Public Accountants and, accordingly,
included examining, on a test basis, evidence about the Company's compliance
with the minimum servicing standards and performing such other procedures as we
considered necessary in the circumstances. We believe that our examination
provides a reasonable basis for our opinion. Our examination does not provide a
legal determination on the Company's compliance with the standards.

In our opinion, management's assertion that the Company complied with the
aforementioned minimum servicing standards as of and for the year ended December
31, 2001 is fairly stated, in all material respects.

/s/ PricewaterhouseCoopers LLP

March 25, 2002

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                    [GREENPOINT MORTGAGE FUNDING LETTERHEAD]

                    MANAGEMENT ASSERTION REGARDING COMPLIANCE
                        WITH MINIMUM SERVICING STANDARDS

As of and for the year ended December 31, 2001, GreenPoint Mortgage Funding,
Inc. (the "Company"), a wholly-owned subsidiary of GreenPoint Bank, 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.
----------------

As of and for this same period, GreenPoint Bank maintained on behalf of the
Company, errors and omissions and employee fidelity bond insurance policies in
the amount of $10,000,000 and $50,000,000, respectively.


March 22, 2002


/s/ Jean Bingham
------------------------------------
Jean Bingham
Executive Vice President of Risk, Servicing and Support

/s/ S.A. Ibrahim
------------------------------------
S.A. Ibrahim
Chief Executive Officer

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                                   SCHEDULE A


The Bank of New York
5 Penn Plaza, 16/th/ Floor
New York, NY 10001

MBIA Insurance Corporation
113 King Street
Armonk, NY 10504

Moody's Residential Loan Monitoring Group
99 Church Street, 4/th/ Floor
New York, NY 10007

Standard & Poor's
55 Water Street
New York, NY 10041

Greenwich Capital Markets, Inc.
600 Steamboat Road
Greenwich, CT 06830