Business Requirements to Support Investor Reporting Changes
October 18, 2016
Today, we published business requirements to support our Investor Reporting Change Initiative, which was announced in Single-Family Seller/Servicer Guide (Guide) Bulletin 2016-15. This detailed document, available on our web page, provides you with developmental guidance so you can successfully implement these changes in October 2018.
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These changes affect all Freddie Mac Seller/Servicers, regardless of whether you use a vendor, proprietary systems or the Freddie Mac Service Loans application.
To make sure that you hit the ground running in 2018, you should:
- Analyze the business requirements document, in conjunction with your vendor (if applicable), to assess potential impacts to your processes, procedures and other business units within your organization (not limited to investor reporting). This document, which includes illustrative examples of borrower activities and reporting scenarios, will help you plan and allocate the necessary resources in 2017 and 2018.
- Review our updated FAQs. If you have additional questions, contact your Freddie Mac representative or email us directly.
- Look for an email invite from us to a briefing session where we'll deep dive into the requirements and provide you the opportunity to submit questions for us to review. We'll schedule a follow-up session to address your questions and provide an open Q&A.
Remember to visit and bookmark our Investor Reporting Change Initiative web page, your central hub for the latest details and frequently asked questions. We'll continue to post updated and new collateral here, such as training materials and technical specifications to support our requirements, as they become available.