Training Catalog: Course Description

This 32-minute Recorded Web Conference explains the Principal and Interest (P&I) reconciliation process. You'll learn to accurately complete the required Form 59, Principal and Interest Custodial Account Reconciliation Worksheet-Monthly Account Statement.

This series of web conferences is designed to provide you with the information needed to effectively establish, maintain and reconcile Freddie Mac Principal and Interest (P&I) and Escrow custodial accounts. You may decide to participate in one or all of the following sessions, depending on your business needs.

• 1. Custodial Accts: Establishing Custodial Accounts
• 2. Custodial Accts: Reconcile Escrow Custodial Accts
• 3. Custodial Accts: Investor Accounting Overview
• 4. Custodial Accts: P&I Reconciliation/Form 59
• 5. Custodial Accts: Cash Disbursement Variances
• 6. Custodial Accts: Calculate Cash Receipts Variances
• 7. Custodial Accts: Identify Cash Receipts Variances
• 8. Custodial Accts: Cumulative Variances

• You must be an approved Freddie Mac Servicer to participate in this web conference.
• An Internet connection with a minimum connection speed of 28.8 kbps is needed to view this training session.
• You may wish to print and refer to the following course materials during the session: Course Materials

Participants should have a basic understanding of Freddie Mac's Investor Reporting and Remitting requirements, or attend the following workshops:

• Investor Reporting - Beginner
• Investor Reporting - Advanced

Gain an understanding about the P&I custodial account reconciliation process, and become familiar with using Form 59 (P&I Reconciliation Worksheet).

• Overview of the P&I reconciliation process
• Documentation needed to complete Form 59
• Components of Form 59
• Completing Form 59