This 2-hour webinar is designed to provide an overview of Guide Bulletin 2012-25 dated November 9, 2012. This Single-Family Seller/Servicer Guide ("Guide") Bulletin announces new requirements with respect to the management of law firms for default-related legal services, which include foreclosures, loss mitigation, bankruptcy, and related litigation pertaining to Freddie Mac Mortgages ("Freddie Mac Legal Matters"). Effective June 1, 2013, all new referrals for Freddie Mac Legal Matters must be sent to law firms that have been selected and engaged under the requirements set forth in Guide Chapter 69, Selection, Retention and Management of Law Firms for Freddie Mac Legal Matters; therefore, selected requirements of Chapter 69 will be discussed.
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 emailed to you prior to the start of the session
Objectives:
To understand the overall impacts as outlined in the November 9th Bulletin
Topics:
Engagement of law firm requirements
Diversification of referrals
Servicer performance and compliance monitoring of firms
Required reporting related to law firm performance
Escalation requirements of issues related to law firms
Servicer Selection and Management of Law Firms