Loan impact
Summarized from the announcement · needs reviewApplies to: All transactions delivered to the investor that require physical collateral transmittal.
- Addressed to
- Warehouse Certification Team/Arc Home-Bi-Party Team
- Investor
- ArchomeFrom the publisher, not quoted from the text
- Affected area
- Contracts
- Affected documents
- Promissory note; collateral package
- Effective
- Nov 1, 2026
- Applicability confidence
- Needs review: some rows could not be matched to a quote from the source
Summary by AWACS. Arc Home's guide is proprietary, so AWACS does not reproduce its text. Read the official announcement ↗ (opens in a new tab)
What changed
Summarized from the announcement| Requirement | Previously | Now |
|---|---|---|
| Physical collateral delivery destinationChangedRequired | Previously: Collateral shipments were previously received at the Maryland custodial facility. | Correspondents must deliver all physical collateral packages directly to U.S. Bank Document Custody Services in St. Paul, Minnesota. Any collateral sent to the former Maryland facility on or after November 1, 2026 cannot be forwarded, and packages may be returned to the sender. |
What to do
AWACS interpretation · not source languageWhat to review: Review collateral shipping procedures to ensure all physical packages are routed to the U.S. Bank repository in St. Paul, Minnesota beginning November 1, 2026.
Ship all physical collateral packages directly to U.S. Bank Document Custody Services in St. Paul, Minnesota starting November 1, 2026.
Update delivery instructions to route all physical collateral shipments to U.S. Bank Document Custody Services in St. Paul, Minnesota effective November 1, 2026.
Ensure all physical collateral delivery destinations reflect the U.S. Bank Document Custody Services location in St. Paul, Minnesota beginning November 1, 2026.
QC implications
- Test collateral shipment records on or after November 1, 2026 to verify packages were directed to U.S. Bank Document Custody Services in St. Paul, Minnesota rather than the former Maryland facility.
Source and record
Version 1 · archivedChecks
Source verified: Passed
The document ID, link and publication date match the official source.
Quotes match the source: Passed
Every quoted passage appears word for word in the official document.
Requirements backed by the source: Passed, adjusted automatically
Anything marked required is backed by the requirement language and dates in the source.
- A detail the source does not support was removed or adjusted
In scope: Passed
The document is about residential mortgage lending.
Format and labels: Passed
The record follows the AWACS format and uses its standard labels.