New Instructions for Submitting Default-Related Law Firm Selections
January 30, 2013
In Single-Family Seller/Servicer Guide (Guide) Bulletin 2012-25, we announced requirements for selecting and managing law firms to handle default-related legal services associated with Freddie Mac mortgages for all new referrals, effective June 1, 2013. Today we are providing instructions on how to submit the information required in Guide Exhibit 99, Servicer Selection Form, for our review through a new online system, the Servicer Attorney Tracking System (SATS). SATS replaces the email submission process announced in Guide Bulletin 2012-25 on November 9, 2012.
Beginning March 1, you may begin submitting the Servicer Selection Form on the SATS website, https://freddiemacsats.com. To access SATS, you must first register on the website to create a User ID. Registration for SATS access will be available on March 1.
In SATS, you will be able to receive and respond to any requests for additional information, as well as track each submission’s status during the review process. We will notify the user who submitted a form by SATS email of our "object" or "no object" decision.
For detailed instruction on SATS and how to register, go to the Resources Section on our Default-Related Legal Services Web page.
Web-based training for SATS will be available to all registered users at https://freddiemacsats.com starting March 1.
We also encourage you to enroll in our customer Web training, Bulletin 2012-25: Servicer Selection and Management of Law Firms, available through Freddie Mac's Learning Center.
Law firms that receive a "no objection" from Freddie Mac must complete mandatory training. More information about this training will be provided in future communications.
Updated Frequently Asked Questions
If you have additional questions about the new requirements, you are encouraged to review our updated list of Frequently Asked Questions found on our Default-Related Legal Services Web page.
- Contact your Freddie Mac representative.
- Call 800-FREDDIE.