The funding details report is a loan-level backup record of the purchase summaries. For each sale you receive one or more Funding Detail report(s).
You can view, print, save as a PDF or export the funding details (using a comma delimited file format) report directly from the selling system by accessing the View Settlement Statements functionality. The report is available as follows:
Date Available in the Selling System
All Cash executions
On the Freddie Mac Funding/Settlement Date. This is the date Freddie Mac disburses funds to the Seller for mortgages purchased.
All Guarantor executions
On the first day of the Settlement Cycle.
The Funding Details Report provides summary information on the mortgage(s) sold to Freddie Mac.
The top section of the Statement: Contains general information such as Seller, Servicer and Contract specific details.
The Settlement Summary section: Provides loan-level, settlement summary information. Serviers rely on this information for Investor Accounting and Reconciliation purposes.
The Servicing Released Proceeds Summary section only applies to mortgages sold for cash through the Servicing Released Sales Process: Provides a Servicing Released, loan-level proceeds summary. The amounts in this section (sometimes known as funding adjustments) are deducted, if applicable, from the total amount disbursed to the seller and are automatically wired to the servicing buyer. Refer to Seller/Servicer Guide Chapter 6101 and Exhibit 28A.