Texas Capital WarehouseNOW Sample eGuide

C2C - Purchasing Lender Once the two parties have been approved and set up for C2C loan transfer, the process is initiated when the Originating Lender contacts the Purchasing Lender and provides the Collateral ID, Borrower’s Name(s), Property Address, (Street Address, City, State and Zip), and Note Amount. The Purchasing Lender has two options when submitting a Funding Request. They can complete the Funding Request Spreadsheet and upload it into WarehouseNow ® or they can manually enter the data directly into the system. Submitting the Funding Request For either method, you will use the above information provided by the Originating Lender. Submitting the Purchasing Funding Request Using the Funding Request Spreadsheet Create the Funding Request Spreadsheet Begin by inputting the loan information into the Funding Request Spreadsheet . 1. Open the Funding Request Spreadsheet . 2. Enter the required loan information into the Funding Request Spreadsheet . Note: If the funding request is for a Reverse Mortgage (the product_code is REVERSE or REVARM ), for Column F, orig_upb = amount disbursed + fees. For Column AG and AR, no FICO Score is required. Note: If the funding request is for a Streamline Refinance ( purpose_code is SR ) for Column AG and AR, no FICO Score is required. • Flow or Best Efforts o Release_reason_code = 2 o Recipient_type = 0 o Investor_code = 3 character Investor Code o Recipient_track_location_code = 6 character Location Code • HOLD NOTE (Mandatory or Pools) o Release_reason_code = leave blank o Recipient_type = leave blank o Investor_code = HOLD NOTE o Recipient_track_location_code = HOLDN1 Note: The note will not ship until release information is entered into WarehouseNow ® . This will require you to complete the Release Request referenced later in this guide. 3. In the payee1_name field, input the Originating Lender Payee1 Name C2C . 4. Save the file. Note: No additional documentation is required when purchasing a loan.

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10.01.2015 Version 4.0 – Client User Guide