This 90-minute webinar details the new process on how to input data for third-party foreclosure sales into Workout Prospector®. This enables you to settle more efficiently using the new automated settlement process. The implementation of this process eliminates the need to submit a third-party foreclosure sale claim package or Form 1160 to Freddie Mac for settlement. Servicers may review the applicable credit/adjustment on the Detailed Adjustment Report (DAR) the business day after settlement.
This session highlights the data input requirements on each screen in Workout Prospector for a third-party foreclosure sale continuing through the entire process to achieve a successful settlement. Processing tips and best practices are also provided.
This session is for employees of approved Freddie Mac Servicers only