Regular MBS Pools

For regular MBS Pools (non-early funding), lenders will provide the warehouse lender identifier in the ULDD XML import tile or add via the update feature in Loan Delivery for loans under Bailee. Once the warehouse lender ID is assigned, lenders will receive an edit indicating that the loan level wire nickname is needed.

NOTE: Lenders can comingle warehouse lenders within Regular MBS Pools as long as their security wire instructions are associated to the wire instructions where the security is being delivered.

To add the wire nickname, lenders should use the Update All Loans feature in Loan Delivery to select the wiring instruction in the Wire Nickname dropdown. Saving and running loan edits will clear the edits and automatically roll-up the pool wiring instructions that will then be displayed on the 'Wiring Instructions' tab.

Note: The wire nickname cannot be coded in the XML import file, but the update all loans feature replaces today's process of assigning wire instructions tab for pools with loans under Bailee.

Note: For wires set up with a Maximum Wire Amount, Loan Delivery will automatically split up wires for securities over the cap as part of the roll-up feature. Loan Delivery will issue one wire that meets the cap amount and subsequent wire(s) will cover the remaining balance (unless the balance is less than $1,000 minimum wire amount which then only one wire will be issued). Lenders should consult with their security clearing partner to determine if the wire over the limit will be rejected.

Scenario 1: Pools with All warehouse lender loans delivered under Bailee

Select the Update All Loans button and provide the Warehouse Lender ID, Wire Nickname, and Warehouse Indicator = Yes.

Click Save & Run Pool Edits.

MBS Wiring Instructions Status will display as ENTERED.

Loan Delivery will automatically roll-up the UPB and assign pool level wire instructions for loans associated to a Warehouse Lender and the Wire Nickname provided.

Scenario 2: Pools with SOME warehouse lender loans delivered under Bailee

Loans with a warehouse lender - provide the Warehouse Lender ID and Wire Nickname.

Warehouse Indicator = Yes.

Loans without a warehouse lender - leave the Warehouse Lender and Wire Nickname fields blank.

Warehouse Indicator = No.

Save and Run Pool Edits.

MBS Wiring Instructions Status will display as Error - Remaining Balance.

Loan Delivery will automatically roll-up the UPB and assign pool level wire instructions for loans that were associated tothe Warehouse Lender and Wire Nickname provided. The remaining UPB for loans that were not associated to a warehouse lender will display in the "Assign Unallocated UPB" section of the Wiring Instructions tab.

Lenders will be able to combine the Unallocated UPB to the existing pool wire instructions that were automatically assigned by entering the remaining UPB in the "Additional UPB" box. The issue UPB total will update and one wire will be issued on the delivery date.

 NOTE: Running loan edits will reset the roll-up totals and any unallocated balances will need to be re-assigned on the Wiring Instructions tab.

Click Save for wire instructions to be complete.

Pool level wire instructions are now complete and the Total Issue UPB is allocated to same wire instruction.

Note: If eligibility edits are re-run following submission (for a certification data revision or other reason) the remaining balances will not need to be re-assigned unless there was a change to UPB or the wiring instructions.

Scenario 3: Pools with NO warehouse lender loans delivered under Bailee

Loans without a warehouse lender - leave the warehouse lender and wire nickname fields blank.

Warehouse Indicator = No.

Click Save and Run Edits.

Wire Instructions Status will display as Missing.

Entire UPB of pool is available to be assigned.

In the Wire Nickname field use the dropdown to select the MBS wire instructions and manually enter the UPB to be assigned that wire. Once complete click Add Pool Wiring Instruction.

Wire Instructions are now assigned.