Advanced Search

Training Catalog: Course Description

Graphic Course: Web Conference TrainingFreddie Mac Obtain Credit Bid Graphic
       
  Description:    
  This 90-minute webinar will discuss Freddie Mac's revised foreclosure-sale bidding requirements effective for all foreclosure sales held on or after March 17, 2014 for first-lien mortgages not covered by mortgage insurance and not guaranteed by the Federal Housing Administration (FHA), the Department of Veteran Affairs (VA) or the Rural Housing Service (RHS), or are not otherwise subject to a credit enhancement. At the Servicer's request, Freddie Mac will directly provide the Servicer - through the Service Loans application - a credit bid that Freddie Mac will accept for a third-party purchase of the mortgage premises at foreclosure sale.  
       
  Prerequisites:  
 
  • This session is for employees of approved Freddie Mac Servicers only
  • Simultaneous access to the Internet (to receive the visual presentation) and a telephone (to receive audio)
  • Course materials will be e-mailed to attendees prior to the start of the session
 
       
  Objectives:    
  Improve your understanding of the foreclosure credit bid streamline process so you can manage your foreclosure sale bid precision by the redefined property valuation process.  
       
  Topics:  
 
  • Getting started using the Service Loans application
  • What is Credit Bid?
  • Credit Bid Functionality
  • Direct and Bulk Import Entry
  • Submit and Search a Request



Session times show Eastern Time zone