Warehouse Financing Arrangements
The warehouse lender release process process is automated in Loan Selling Advisor®, allowing warehouse lenders to use the system to release their interests in loans sold to Freddie Mac.
To access Loan Selling Advisor, warehouse lenders must authorize designated useres via the Freddie Mac Loan Advisor® registration form. Additionally, those persons authorized as Approvers must be accepted by Freddie Mac as Authorized Employees on Form 990SF, Agreement and Certificate of Incumbency: Warehouse Lender. Watch this video, Warehouse Lenders System Access to learn how to designate your authorized users via the Loan Advisor registration form.
For detailed requirements, refer to Single-Family Seller/Servicer Guide (Guide) Chapter 6305
Warehouse Lender Eligibility and Delivery Requirements
Warehouse lenders must provide Freddie Mac with a certificate of incumbency on Form 990SF, Agreement and Certificate of Incumbency: Warehouse Lender, along with providing an attached copy of resolutions by the board of directors or other governing body, as applicable.
For cash, guarantor, and multilender mortgages subject to warehouse financing arrangements at the time of delivery to Freddie Mac, Form 996E, Warehouse Provider Release and Transfer, is required prior to the time of purchase.
For cash executions, Sellers must provide, prior to the delivery of loans, Form 987E, Wire Transfer Authorization for a Warehouse Delivery, for each warehouse lender they use and for any modification to their existing wire transfer instructions.
Watch this Freddie Mac Learning clip for help with completing forms for warehouse lender system access.
For More Information
- View the Warehouse Lender Training page
- Refer to Guide Chapter 6305
- Contact Customer Support, 800-FREDDIE, available 8:00 a.m. – 9:00 p.m. ET, Monday through Friday. Follow the steps below:
- Select "1" for Freddie Mac business partner
- Select "3" for Loan Delivery
- At prompt for a Seller/Servicer number, enter '555555' to indicate that you are a warehouse lender.