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Training Catalog: Course Description

Graphic Course: Web Conference TrainingSelling Representation and Warranty Version 2 Graphic
       
  Description:    
  The May 12, 2014 Single-Family Seller/Servicer Guide ("Guide") Bulletin, announced revisions to the selling representation and warranty framework effective for mortgages with Freddie Mac settlement dates on or after July 1, 2014. These changes, including revisions related to how a mortgage becomes eligible for relief from certain specified selling representations and warranties as described in Guide Section 6.14(a), Representations and Warranties, include:
  • Relaxing the acceptable payment history requirement for determining when a mortgage is eligible for relief from the selling representations and warranties
  • Introducing an additional path for eligible mortgages to obtain relief from the selling representations and warranties, and
  • Providing Sellers with written notice of mortgages that have met the eligibility requirements for relief from the selling representations and warranties
This 60-minute webinar will provide you a general overview of this revised selling framework focusing on eligible mortgages and exclusions. It will also provide detailed information on the satisfactory conclusion of a Freddie Mac quality control review as an additional path for a mortgage to obtain relief, and preview a new reporting process.

Target audience - Staff in your organization involved in Operations, Origination and Quality Control

 
       
  Prerequisites:  
 
  • This session is for employees of approved Freddie Mac Seller/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:    
 
  • Understand the revised requirements for acceptable payment history under Version 2 of the framework
  • Understand how a mortgage can obtain relief after a successful conclusion of a Freddie Mac quality control review
  • Identify additional resources and tools
 
       
  Topics:  
 
  • Overview of the selling representation and warranty framework
  • Introduce the enhancements to the selling representation and warranty framework
  • Assess business impacts



Session times show Eastern Time zone