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Loss Mitigation

Use the following resources to learn about Freddie Mac's requirements, processes and technology for managing your loss mitigation activities, including how to process reinstatements, relief options and workout options.

Easy to Print References
Affordable Servicing Best Practices for Housing Counselors
Default Management Training and Education Resources     Updated
Early Indicator® User Guide and Training Materials
Early Indicator
Expense ManagerSM
Online Submission of Servicing Expense Reimbursement Claims (Form 104SF)
Promoting Responsible Servicing Practices
Workout Incentive Program
Workout Manager®
Workout Prospector®

Secured Resources for Servicers
More Loss Mitigation Resources for Servicers
You will need your Servicing Applications ID and password to access these materials.

Online Self-study
Alternatives To Foreclosure Overview - Recorded - 85 min
Home Affordable Modification Program (HAMP) Overview - Recorded - 74 min
Home Affordable Modification Program (HAMP): Trial Period Plan - 76 min
Servicing Technology Tools Overview - 36 min
Short Payoff & Make-whole Preforeclosure Overview - 70 min
Solving Default Challenges: Collections - 18 min
Solving Default Challenges: EDR - 24 min
Solving Default Challenges: Foreclosure Timeline - 60 min
Solving Default Challenges: Servicer Profile - 55 min
Using Workout Prospector (WP) - 70 min

Training Events workshop Workshop  webevent Web Event
Alternatives to Foreclosure Overview - 2 hr
Alternatives to Foreclosure - 1 day
Default Management Bulletin Guide Updates - 90 min
Home Affordable Modification Program Overview - 2.5 hrs
Home Affordable Modification Program Workshop - 1 day
Home Affordable Modification Program: Overview & Program Updates - 2 hrs     New
Home Affordable Modification Program: Underwriting & Processing with Workout Prospector - 2 hrs     New
Workout Prospector - How it Works - 2.5 hrs

Additional Online Resources
Disaster Relief Guidelines
Helping Borrowers Avoid Foreclosure
Servicing Applications Sign Up Form
Special Options for Service Members

Freddie Mac's Single-Family Seller/Servicer Guide
  • Chapter 64: Delinquencies
  • Chapter 65: Loss Mitigation
  • Chapter A65: Reinstatements and Relief Options
  • Chapter B65: Workout Options
  • Exhibit 76: Loan Modification for Delinquent Mortgages
  • Exhibit 77: Assignment of Rents Rider
  • Exhibit 78: Modification Due on Transfer Rider
  • Exhibit 86: Workout Prospector Member Agreement

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