Collateral Guide
Identifying Eligible Collateral Submitting Collateral     Securities     Mortgage Loans Borrowing Capacity

 

 

Collateral Analysis Department:
(201) 356-1069

 

Calling Officers:
(212) 441-6700

 

How to Submit Mortgage Loan Collateral

Pledging whole loan mortgages begins with a discussion with your calling officer who will guide you through this multi-step process. The FHLBNY will determine whether your institution can pledge whole loan mortgages either on a "Listing Only" basis, "Listing and Segregation I or II" basis or on a "Possession" basis. The latter two will require legal files to be physically segregated in your vault location or delivered into the FHLBNY.

Prior to considering mortgages for pledging, please keep in mind that all third-parties associated with the mortgages must be disclosed and legal agreements provided (i.e. use of third-party servicer/custodian, purchased pools, third-party originations, etc). Additional agreements may be required based on the nature of the third-party relationship. Mortgage collateral must be reported monthly regardless of your institution’s collateral category and must be submitted to the FHLBNY via secured server.

Once you have received preliminary approval to pledge mortgage loans, you must then complete an electronic loan submission file. The following are the steps to proceed with this process:

  1. Complete, execute and email back the Pledge Questionnaire (COL-125)
    Every institution must complete this questionnaire prior to transmitting a new test file for the purpose of pledging.
  2. Complete, execute and email back the Member Secure Server Enrollment form (COL/APP-002)
    This form needs to be completed to establish a secure connection to the FHLBNY.
  3. Get started with your test mortgage data listing: Mortgage Data Reporting (COL-012)
    This is an overview for submitting your collateral using the FHLBNY File Transfer Service. You will be notified by the FHLBNY once the successful transfer of your test mortgage data listing is completed.

Additional forms to enroll in the FHLBNY File Transfer Service can be found here. If you have any further questions, please call the Collateral Analysis Department at (201) 356-1069.

 

 

Collateral Analysis Department:
(201) 356-1069

 

Calling Officers:
(212) 441-6700

 

 
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