|
WIRE TRANSFER AUTHORIZATION FOR A CASH WAREHOUSE DELIVERY (Multifamily-High Leverage Loan Program)
This form must be typed.
Mandatory signature section on Page 2 must be completed.
Please read instructions on Page 2 before completing this form. |
|
Freddie Mac Seller/Servicer number |
|
|
Seller’s name |
UPB of this delivery |
|
Warehouse lender’s name |
Number of mortgages in this delivery |
|
Wire transfer instructions |
|
Determine whether this transfer of funds is a three-party OR a two-party transfer, and complete the appropriate section below. |
|
For three-party transfers only
Transfer bank’s name (bank where funds are to be initially transferred for further credit to beneficiary’s bank) |
|
ABAnumber (nine-digit routing number of above-named transfer bank)
| | | | - | | | | | - | | |
|
City State, Zip Code (address of transfer bank) |
|
Beneficiary’s bank’s name (bank receiving funds for beneficiary) |
|
Beneficiary’s account number at transfer bank |
|
Beneficiary’s name (either Seller/Servicer or warehouse lender depending on whom will receive final credit of funds) |
|
Beneficiary’s account number (final account where transfer is to be credited) |
|
For two-party transfers only
Beneficiary’s bank’s name (bank receiving funds for beneficiary) |
|
ABAnumber (nine-digit routing number of above-named beneficiary’s bank)
| | | | - | | | | | - | | |
|
City, State, Zip Code (address of beneficiary’s bank) |
|
Beneficiary’s name (either seller/Servicer or warehouse lender depending on whom will receive final credit of funds) |
|
Beneficiary’s account number (final account where transfer is to be credited) |
|
Further Instructions (Choose only one)
¨ FOR ATTENTION OF ____________________________________________________
¨ IMMEDIATE PHONE ADVICE (name & tel. no.) ___________________________________________________ |
|
Comments |
|
Note: You must complete the mandatory signature section on page 2 of this form. |
|
FOR CWCAPITAL LLC USE ONLY |
|
Funding Date
|
Seller’s automated purchase
disbursement amount
$ |
Warehouse disbursement amount
$ |
Adjusted automated purchase disbursement amount
$ |
|
Signature of approval (supervisor) |
FOR CASH MANAGEMENT USE ONLY
Warehouse disbursement amount
$ |
|
Mandatory |
|
Before any wire transfer of funds, CWCapital LLC must have the Seller’s authorization in writing. This form must be signed by an officer authorized to provide wire transfer instructions and certified by the Seller’s official seal or stamp (if applicable). This form must be attached to a fully executed form of Warehouse Lender Release of Security Interest (Multifamily), signed by the warehouse lender and must be provided with each delivery of pledged Mortgages. CWCapital LLC is not responsible if funding is delayed because this form is incomplete or not received with a Mortgage Delivery. |
|
Signature Block. The above instruction is approved by:
Signature of Seller’s corporate officer |
Official seal or stamp |
|
Typed name of seller’s corporate officer |
|
|
Corporate title |
|
|
Date approved |
Telephone number |
|
Instructions for completion of this form:
The Seller must complete the following items, unless indicated as optional:
Seller/Servicer number: Seller/Servicer number assigned by Freddie Mac
UPB of this delivery: Unpaid principal balance of this delivery
Number of Mortgages in this delivery: The number of Mortgages being delivered with this form
Seller’s name: Full legal name of the Seller
Warehouse lender’s name: Full legal name of warehouse lender
Three-party transfers: A three-party transfer involves a transfer of funds in which a correspondent bank must be credited first in order for the funds to be applied to the beneficiary’s bank (for example, a transfer of funds to the Federal Home Loan Bank of Pittsburgh for credit to ABC Bank for credit to XYC Mortgage Company)
Transfer bank: Full legal name and location (city and state) of the bank where funds are to be initially transferred for further credit to the beneficiary’s bank
ABA number: American Bankers’ Association’s (ABA’s) nine-digit routing number of the depository institution, that is, the transfer bank. This number must be entered to ensure the transfer of funds.
Beneficiary’s bank: Full legal name and location (city and state) of the bank receiving the funds for the beneficiary (usually the warehouse lender)
Beneficiary’s account number at transfer bank: Account number that the beneficiary’s bank has open for receipt of funds at the transfer bank
Beneficiary’s name: Full legal name of the final party to be credited as a result of the transfer of funds
Beneficiary’s account number: Final account number of the beneficiary where the funds are to be credited
Two-party transfers: A two-party transfer involves a transfer of funds in which the funds are directly routed to the beneficiary’s bank (for example, a transfer of funds to ABC bank for further credit to XYZ Mortgage Company)
Beneficiary’s bank: Full legal name and location (city and state) of the bank receiving the funds for the beneficiary (usually the warehouse lender)
ABA number: ABA’s nine-digit routing number of the depository institution, that is, the beneficiary’s bank. This number must be entered to ensure the transfer of funds.
Beneficiary’s name: Full legal name of the final party to be credited as a result of the transfer of funds
Beneficiary’s account number: Final account number of the beneficiary where the funds are to be credited
Further Instructions (Optional)
This pace is provided for the Seller to furnish additional information that may expedite the notification to the Seller of actual receipt of funds at the bank. Due to the space limitations of 30 characters, only one special instruction can be used.
a. FOR ATTENTION OF: This space could be used to identify a specific department or section within the bank or Seller organization that should be notified of receipt of funds.
b. IMMEDIATE PHONE ADVICE: This space could be used to identify the name and telephone number, including area code, any individual the Seller requests the bank to call when funds are received.
Comments: This space could be used to enter any additional information that will help the transfer of funds to be completed (for example, reference contract number or additional credit party advice).
Signature block
The wire transfer instructions contained by an officer of the corporation and certified by the seller’s official seal or stamp (if applicable). For each delivery of pledged Mortgages, the form of Warehouse Lender Release of security Interest (Multifamily), signed by the warehouse lender, must be attached to this form.
Mailing Instructions
Mail the original of this form to:
CWCapital LLC
63 Kendrick Street
Needham, MA 02494
Attn: Wayne Elibero, VP
Tel: (781) 707-9340
Download PDF