Freddie Mac Form 987e - Wire Transfer Authorization For A Warehouse Delivery Page 3
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3INSTRUCTIONS FOR THE FORM 987E
(For use only with the Freddie Mac Selling System)
The Seller must complete the following items, unless indicated as optional:
1. Seller/Servicer number: Seller/Servicer number assigned by Freddie Mac
2. Seller's name: Full legal name of the Seller
3. Warehouse Lender's full legal name: This number must be obtained from the Warehouse Lender directly, and must match
the Warehouse Lender’s Certificate of Incumbency on file with Freddie Mac.
4. Warehouse Lender's address: Complete street address including zip code
5. Warehouse Lender’s Federal Tax ID#: nine-digit number issued by the Internal Revenue Service for banking, tax filing, and
other business purposes. This number must be obtained from the Warehouse Lender directly, and must match the Warehouse
Lender’s Certificate of Incumbency on file with Freddie Mac.
6. Status: This section allows the Seller to indicate:
Add Instructions: Select this box to create an additional set of instructions or to add an initial set of instructions
Change Instructions: Select this box if you need to make changes to existing instructions, e.g., changing account number or
ABA number
Recertify/Reconfirm Instructions: Select this box if you are submitting this Form to reconfirm existing instructions.
7. Two-party transfers: A two-party transfer involves a transfer of funds in which the funds are directly routed to the beneficiary's
bank (for example, a transfer of funds to ABC Bank for further credit to XYZ Mortgage Company)
Beneficiary's bank name: Full legal name and location (city and state) of the bank receiving the funds for the beneficiary (usually
the Warehouse Lender)
ABA number: ABA's nine-digit routing number of the beneficiary's bank. This number must be entered to ensure the transfer of
funds.
Beneficiary's name: Full legal name of the final party to be credited as a result of the transfer of funds
Beneficiary's account number: Account number of the beneficiary to which the funds are to be credited
8. Three party transfers: A three-party transfer involves a transfer of funds in which a correspondent bank must be credited first
in order for the funds to be applied to the beneficiary's bank (for example, a transfer of funds to the Federal Home Loan Bank of
Pittsburgh for credit to ABC Bank for credit to XYC Mortgage Company)
Transfer bank: Full legal name and location (city and state) of the bank where funds are to be initially transferred for further credit
to the beneficiary's bank
ABA number: American Bankers' Association's (ABA's) nine-digit routing number of the depository institution, that is, the transfer
bank. This number must be entered to ensure the transfer of funds.
Beneficiary's bank: Full legal name and location (city and state) of the bank receiving the funds for the beneficiary (usually the
Warehouse Lender)
Beneficiary's account number at transfer bank: Account number that the beneficiary's bank has open for receipt of funds at the
transfer bank
Beneficiary's name: Full legal name of the final party to be credited as a result of the transfer of funds
Beneficiary's account number: Final account number of the beneficiary where the funds are to be credited
9. Special Instructions (Optional): This permits the Seller to furnish additional information that may expedite the notification to
the Seller of receipt of funds at the bank. Due to the space limitations of 30 characters, only one special instruction can be used.
For Attention of: This may be used to identify a specific department or person within the bank or Seller to be notified of receipt of
funds
Immediate Phone Advice: This may be used to identify the name and telephone number, including area code, of a person whom
the Seller requests the bank to call when funds are received; contact information entered in this section will also appear on the
Form 996E, Warehouse Provider Release and Transfer, as the Warehouse Provider contact name and telephone number.
Comments: This may be used to enter any additional information that will facilitate the transfer of funds (for example, reference
contract number of additional credit party advice)
10 and 11. Signature block of Seller’s authorized officer and notarization: The wire transfer instructions contained on this
Form 987E will be accepted only if the form is signed by an authorized officer of the Seller and the signature of the authorized
officer has been notarized. The name and specimen signature of the authorized officer must be on a duly executed Certificate of
Incumbency and the officer’s name and title or title must be on a copy of a board resolution or other governing body resolution, as
applicable, authorizing the officer to provide Freddie Mac with wire transfer instructions. The Certificate of Incumbency and
resolution must be delivered to and determined to be acceptable by Freddie Mac. If a current, duly executed Form 987E is on file
with Freddie Mac, Seller must, for each delivery of Pledged Mortgages, make sure that a Form 996E, Warehouse Provider Release
and Transfer, signed by the Warehouse Lender’s authorized officer, is delivered by the Warehouse Lender to Freddie Mac.
E-mail address: E-mail address of signatory for instructions verification e-mail.
Mailing Instructions: Mail original Form 987E to:
Freddie Mac
1551 Park Run Drive
McLean, VA 22102-3110
Attn: Customer System Access
Freddie Mac Single-Family Seller/Servicer Guide
Bulletin 2015-19
10/28/15
Page F987E-3
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