Warehouse Lender Release of Security Interest
(Multifamily-High Leverage Loan Program)
This form must be typed
See Page 2 for Appendix 1.
Please read instructions on Page 2 before completing this form

Seller/Servicer number

UPB of this delivery

Seller’s full legal name

The undersigned warehouse lender agrees to relinquish any and all right, title or interest it may have in those Mortgages listed in Appendix 1 (see Page 2), as of the date and time of transfer of the purchase proceeds which evidences payment for such Mortgages that are purchased by CWCapital LLC under Freddie Mac’s High Leverage Loan Program.
The undersigned also understands that CWCapital LLC’s obligations as assignee of Freddie Mac with respect to the pledged Mortgages are defined in Freddie Mac’s High Leverage Loan Program commitment.
The undersigned also understands that CWCapital LLC will transmit funds in accordance with the instructions given below and that such instructions may be modified as described in the Multifamily Seller/Servicer Guide.

Warehouse lender name

Warehouse lender contact

Address

Telephone number

City, state, and zip

Provide the signature, printed name, and corporate title of the individual signing on behalf of the warehouse lender.

Signature of corporate officer

Typed name of corporate officer

Corporate title

Date signed

Wire transfer instructions—Cash warehouse delivery

Transfer bank’s name (three-party transfers only)

ABA number (three-party transfers only)

City, state, and zip code (three-party transfers only)

Beneficiary’s bank name (bank receiving funds for beneficiary)

Beneficiary’s bank ABA number or (three-party transfer) beneficiary’s account number at transfer bank

City, state, and zip code of beneficiary’s bank

Beneficiary’s name (final party to be credited)

Beneficiary’s account number (final account where funds are to be credited)

Further instructions (choose only one)                                        ¨ Immediate phone advice to

¨ For attention of

Name ___________________________________
Telephone (         )

Appendix 1: Schedule of pledged Mortgages

List Mortgages in Freddie Mac loan number order.  If additional space is needed, please check box 1 below and indicate the number of additional pages attached.  The Appendix 1 attachments must be clearly identified by Freddie Mac Seller/Servicer number and attached to this form.

Freddie Mac loan number

Borrower name and property address

Unpaid principal balance

Instructions for form of Warehouse Lender Release and Security Interest (Multifamily-HLP)

The Seller must complete the following items. 
SELLER IDENTIFICATION
Seller/Servicer number:  Seller/Servicer number assigned by Freddie Mac.
UPB of this delivery:  Unpaid principal balance of this delivery.
Warehouse lender name:  Full legal name of warehouse lender.
Address:  Street address of warehouse lender.
City, state, and zip:  City, state, and zip code of warehouse lender.
Warehouse lender contact:  Indicate the name of the individual at the warehouse lender who is authorized to confirm any and all instructions pertaining to this authorization.
Telephone number:  Telephone number, including area code, of contact at the warehouse lender.
SECURITY WIRE INSTRUCTIONS—Guarantor warehouse delivery
Depository Institution/Type of account/Beneficiary/Account number/Attention
Depository Institution:  Enter the exact Federal Reserve telegraphic abbreviation of the depository institution.  The depository institution is a bank or other institution eligible to receive book-entry securities.  Contact the depository institution if the exact telegraphic abbreviation is not known.
Type of account:  Enter, for example, CUST, INV, GEN, DEALER, or TRUST.  Contact the depository institution to determine which account type is applicable and/or to obtain the correct account type.
Beneficiary account name:  Enter the beneficiary account name at the depository institution.  For example, if the security is to be delivered to the Seller/Seller’s account, the Seller/Servicer’s name would appear under beneficiary account name.  If the security is to be delivered to a Seller/Servicer’s account, the Seller/Servicer’s name would appear under beneficiary account name.  If the security is to be delivered to a broker/dealer’s account, the broker/dealer’s name would appear under beneficiary account name.  Contact the depository institution to obtain the correct account name.
Account number:  Enter the account number of the beneficiary at the depository institution.  Contact the depository institution to obtain the correct account number.
Attention:  Enter the specific person, department, or section, if applicable, at the depository institution that should be notified of the receipt of securities.  Contact the depository institution for this information.
For example: TR BK NYC/CUST/FIRST FED SLA/99999/ATTN John Smith
(This security is to be delivered to Trust Bank of New York in custody for First Federal Savings and Loan Association.  The account number is 99999.  John Smith is the contact at Trust Bank.)
ABA number:  Enter the American Banking Association (ABA’s) routing number of the depository institution.  Contact the depository institution for this information.
WIRE TRANSFER INSTRUCTIONS—Cash warehouse delivery
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 ABA Bank for credit to XYZ Mortgage Company).
TWO-PARTY TRANSFERS: A two-party transfer involves a transfer of funds directly routed to the beneficiary’s bank (for example, a transfer of funds to ABC Bank for further credit to XYZ Mortgage Company).
Transfer bank’s name:  Full legal name and location (city, state, and zip code) of the bank where funds are to be initially transferred for further credit to the beneficiary’s bank.
ABA number:  American Banking Association’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 name:  Full legal name and location (city, state, and zip code) of the bank receiving the funds for the beneficiary.
Beneficiary’s account number at transfer bank:  Account number that the beneficiary’s bank has opened for receipt of funds at the transfer bank (THREE-PARTY TRANSFERS only).
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.
Mailing instructions:  Mail the original of this form to CWCapital LLC, 63 Kendrick Street, Needham, MA 02494, Attn:  Wayne Elibero, VP.