New Version of the Loan Submission Template (LST 1.5) for OUS Now Available for Program Plus Seller/Servicers
January 7, 2013
The new Loan Submission Template 1.5, with several new tabs and features, is now available at FreddieMac.com as a quick link on our Origination & Underwriting page and in the OUS section of our Origination & Underwriting Resource page, for Program Plus® Seller/Servicers to begin using immediately in place of LST 1.4.
For Program Plus Seller/Servicers currently using LST 1.4, the key change that you’ll see in LST 1.5 is that we’ve modified the Input, Exception Requests and I&E tabs of the Excel worksheets to add or revise data elements such as:
- Loan Terms
- Property Description
- Escrow Status
- Construction Details
- Supplemental Transaction Information
Before completing your first deal in LST 1.5, we recommend that you review a summary of all the changes in our Conventional LST 1.5 Job Aid and Loan Submission Template Tips and Tricks document on commonly asked questions.
Additional OUS Changes and Training Coming Soon
We will be announcing other upcoming OUS changes and offering additional Seller/Servicer training for Program Plus Seller/Servicers in early 2013. Please be sure to check back with our News Center in the near future for more details.
We want to thank you again for your continued support and patience in rolling out these important OUS changes. Once they’re fully implemented and our staff builds experience in the new OUS functions, we expect these changes will help you to operate in a more cost-effective manner, deliver loan data to us more accurately and enable us to work together more efficiently.
For additional questions on using the new LST 1.5, contact your regional producer. For technical support regarding the new LST or LST uploads call 866 MULTI-FM (866-685-8436) or email firstname.lastname@example.org. A representative from Freddie Mac’s Business Operations Support (BOS) Team will follow-up with you.