Adding and Deleting Warehouse Lenders for MBS

Lenders can add warehouse lenders to and delete warehouse lenders from a wire after the lenders have submitted the initial requests.

Deleting a Warehouse Lender

Follow the steps below to delete a warehouse lender from a wire:

1. Click the "Wire Details" tab and locate the wire instruction you are going to modify (see Getting Started).

2. Click the "+" symbol to expand the wire instruction and click Delete for the Security Wiring Instructions to delete.
   
   
   

3. Loan Delivery displays a confirmation message.
   
   
   

4. Click Yes to confirm the deletion. Loan Delivery returns you to the Wire Details page.

Adding a Warehouse Lender

1. Click the "Wire Details" tab and locate the wire instruction you are going to modify.

2. Expand the wire instruction and select the "Edit" button to access the "Edit Wire" window (see Getting Started).

3. Once the "Edit Wire" window opens, click "Add Warehouse Lender," select additional warehouse lender from drop-down, and click "Submit Request."
   
   

NOTE: Lenders must select "Submit Request" in order to send an association request to the warehouse lender. Once the warehouse lender confirms the association, the wire instruction becomes active. Lenders should provide warehouse lenders 24-48 hours to review and approve the wire after the request is submitted. If you have an urgent request that requires immediate attention, please provide your warehouse lender as much advance notice as possible.

NOTE: If your wire only has one warehouse lender and it needs to be updated to a different warehouse lender, change the Receiver Type to Seller, click Submit Request, and then click the Edit button again to open the Edit Wire box to assign the new warehouse lender.