Correspondent Lending Addition of Internal Trust – MERS ID Number/Collateral Delivery Update – September 3, 2019
Subject: Addition of Internal Trust - MERS ID Number/Collateral Delivery Update
Date: September 3, 2019
Effective September 4, 2019, loans purchased by AIG Investments Approved Buyers will be delivered into Maple Acquisition Trust with The Bank of New York Mellon Trust Company, N.A. acting as trustee. This change will not impact the terms of your MLPA or the process by which loans are delivered for purchase. There are two updates sellers will need to make as a result of this change:
1. MERS IDs: A major benefit of this change is that we will be eliminating the need for 10 investor MERS IDs. Once loans are purchased, all loans should be assigned to the MERS IDs identified below. This information will also continue to be referenced on your Lock Confirmation and Purchase Advice.
|MERS ID Numbers|
|Bank of New York Mellon Trust Company, NA (Investor Org ID)
Maple Acquisition Trust (Servicer Org ID)
Cenlar (Sub Servicer Org ID)
2. Collateral/Trailing Docs: All collateral and trailing docs should continue to be delivered to our collateral custodian, BNY Mellon, however packages should be delivered to the attention of: Maple Acquisition Trust. Please update our collateral delivery information with the highlighted change below:
2322 French Settlement Rd.
Dallas, TX 75212
Attn: Maple Acquisition Trust—Non-Agency-New Collateral
Attn: Maple Acquisition Trust -–Non-Agency-Trailing Docs
We will issue an updated Seller’s Guide within the coming weeks reflecting this change. In the meantime, our Quick Reference Guide and this announcement should act as your change notification.
This announcement applies to all loans purchased on or after September 4, 2019. Please contact Shane Larscheid, Vice President of Sales, with any questions related to this announcement.