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Warehouse Financing Arrangements

Effective September 10, 2018, Freddie Mac is automating the warehouse lender release process through Loan Selling Advisor®. Warehouse lenders will be able to directly release their interest in loans sold to Freddie Mac.

To become an authorized user of Loan Selling Advisor, warehouse lenders must complete, sign and deliver the following by August 17, 2018:

NOTE: Authorized warehouse lenders will receive two sets of credentials. 1) for our customer test environment (available until September 10) and 2) for the Loan Selling Advisor live environment.

Watch our How to Complete Form 475 and Form 900WHL learning clip for help with this process.

Warehouse Lender Eligibility and Delivery Requirements

Certificate of Incumbency – Warehouse lenders must provide Freddie Mac with a certificate of incumbency that meets the following requirements:

Form 996/996E**, Warehouse Provider Release and Transfer, is required for mortgages subject to warehousing financing.

  • Prior to September 10, 2018, Form 996/996E must be delivered by the Seller to the Warehouse Lender for every purchase contract subject to warehousing financing, whether for cash or securities executions. Read More.
  • On and after September 10, 2018, Form 996E must be created by the Seller and released by the Warehouse Lender in Loan Selling Advisor for every purchase contract subject to warehousing financing, whether for cash or securities executions. Read More.

Form 987E**, Wire Transfer Authorization for Warehouse Delivery – For Cash executions, Sellers must submit this form for each warehouse lender they use or for any change made to the wire transfer instructions. Read More.

For More Information

  • Sign up for our Record and Release Pledged Mortgages webinar.
  • View the Record and Release Pledged Mortgages for Freddie Mac tutorial, available 24/7.
  • Refer to the Warehouse Lender Release and Transfer User Guide.
  • Read Single-Family Seller/Servicer Guide Bulletin 2018-7 and Chapter 6305, Warehouse Financing Arrangements, for detailed requirements.
  • Contact Customer Support, 800-FREDDIE, 8:00 a.m. – 8:00 p.m. ET, Monday through Friday, following the steps outlined below:
    • Select "1" for Freddie Mac business partner
    • Select "3" for Loan Delivery
    • When prompted for a Seller/Servicer number, enter '555555' to indicate that you are a warehouse lender
    • Be ready to provide your institution's federal tax ID number

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