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MBS Loans Delivered without Bailee Letter


These are security delivery instructions for when loans within the pool are not under a bailee letter from warehouse lenders.

How to Administer

In order to administer your security wire instructions, you first need to locate the specific wire instruction on the "Wire Details" page. Next, expand the wire instruction and select the "Edit" button to access the "Edit Wire" window (see Getting Started). If this is a new security wire select the '+Add New Wire' button on the Wire Details tab.

Once the "Edit Wire" window opens, follow these steps to administer the wire instructions:

  1. Section 1 - include a Nickname if one does not exist and add applicable seller numbers by selecting the drop down in the Seller Number field.

  2. Section 2 - verify/add account information.

  3. Section 3 - leave the receiver type set to 'Seller' since this wire is for loans not delivered under Bailee.

  4. Select "Submit Request."