ACE Eligibility for Condo Units, Cash-Servicing Released and More in Guide Bulletin 2018-10
June 27, 2018
One of our priorities is providing flexibilities that simplify how you do business with us. Please review the latest Single-Family Seller/Servicer Guide (Guide) Bulletin 2018-10 to see what we’re doing to build a better mortgage process. This Bulletin announces updates to:
- Property eligibility and appraisal requirements – including eligibility of condominium units for automated collateral evaluation.
- Condominium project requirements.
- Maximum number of financed properties.
- Implementation of Freddie Automated Servicing Transfer℠ (FAST℠) and rebranding of our servicing-released executions.
Read the Bulletin for details and additional information that may be important for your business.