Servicing
Prepare to Service LoansFind a wealth of information regarding servicing requirements, tools, training
and helpful publications. Here you'll get answers to questions you may have
about establishing financial custodial accounts, available servicing technology,
and other publications to help you service loans more efficiently.
- Establish financial custodial accounts using Forms 1057SF
[PDF 111K],
1058SF [PDF
111K], 1059SF
[PDF 102K]
and 1060SF
[PDF 97K]
for your P&I, Escrows and Buydowns. We'll electronically debit your Custodial
Account(s) through our Global Payments Incorporated (GPI).
- Use our Due Date Calendar for
Monthly Reporting and Remitting for guidance in determining when you will
need to report on the loans you service for Freddie Mac and when you will
need to remit the appropriate funds.
As a Freddie Mac Servicer, you'll be able to take advantage of:
- Servicing technology, which gives you the power
to proactively manage your servicing portfolio to greater levels of effectiveness
and efficiency.
- A premier Document Custodial Services area
that lets you take advantage of the convenience, operational efficiencies
and flexibility of delivering Notes directly to Freddie Mac for the mortgages
you sell to us.
- Training classes and programs specifically for Servicers, including:
- New Customer Training - check out our distance
learning training sessions for new customers eager to get started in doing
business with Freddie Mac.
- Check out Service Loans for additional
training classes, guides and quick references.
- Incentives for achieving Tier
One status in the investor accounting and reporting category of your Servicer
Performance Profile; and our Workout Incentive Program that compensates you
for superior workout performance.
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