This 2-day workshop provides detailed information about establishing, maintaining, and reconciling your Freddie Mac P&I and Escrow custodial accounts, primarily focusing on the P&I custodial account. Note: This workshop ends at 3:00 pm the second day.
Prerequisites:
Participants should have a basic understanding of Freddie Mac's Investor Reporting and Remitting requirements, or attend the following workshops:
Participants successfully completing this workshop will become familiar with Freddie Mac custodial accounting requirements, and learn to apply a methodology to reconcile their custodial accounts.
Topics:
Overview - P&I custodial account reconciliation
Tools to identify and resolve P&I variances
Calculating variances using the P&I reconciliation worksheet
Understanding Custodial Accounts