Wiring Payee Codes
If you request, Fannie Mae will assign wire transfer payee codes for your Cash Mortgage LoanCash Mortgage LoanMortgage Loan purchased by Fannie Mae in exchange for cash. proceeds. You must
- request a separate payee code for each account to which Fannie Mae will send funds, and
- enter the applicable payee code in C&DC&DElectronic committing and delivery system used for issuing and confirming Commitments for acquiring Mortgage Loans, or any such successor system. .
Each payee code will be associated with a specific account and financial institution. You may not transfer codes between your accounts or with other LendersLendersPerson approved by Fannie Mae to sell or service Mortgage Loans. .