This 2-hour webinar introduces Freddie Mac's borrower response and documentation requirements in support of the Servicing Alignment Initiative. Loss mitigation staff will learn about performance benchmarks for receiving all documentation and information necessary to evaluate the borrower for all foreclosure alternatives. Learn about streamlined requirements to assist in the evaluation process and borrower communication.
This session is for employees of approved Freddie Mac Servicers only
Attend the companion webinar Servicing Alignment Initiative: Borrower Communication and Solicitation Requirements
Course materials will be e-mailed to attendees prior to the start of the session
Understand how to apply Freddie Mac requirements regarding the updated documentation and communication for evaluating borrowers for all foreclosure alternatives.
Updated evaluation hierarchy for all foreclosure alternatives
Borrower Response Package documentation
Electronic Default Reporting requirements
Receipt and evaluation of the Borrower Response Package timelines and acknowledgement requirements