New Checklist to Help You Get Ready for the Single Security
November 7, 2018
Implementation of the Uniform Mortgage Backed Security™ (UMBS™) is just around the corner and we want to make sure you are getting the support you need to get ready.
As you may already know, Freddie Mac and Fannie Mae will start issuing their respective UMBS beginning on June 3, 2019. Sellers will be able to take out Guarantor contracts in Loan Selling Advisor® to deliver loans into a UMBS beginning on April 19, 2019, for settlements on or after June 3, 2019.
To help you prepare for this new market, check out these new resources:
- Single Security Readiness Checklist for Seller/Servicers
- Single Security Readiness webpage with other valuable resources related to vendor timelines, readiness testing, FAQs and technical resources
Use these resources together with the Single Security Market Adoption Playbook which provides key information you can reference for your impact assessment and planning activities.
Getting ready may take longer than you think so it's important to start preparing today. We’re here to help make your transition to this new market go smoothly.
Question? Email us at single_security@FreddieMac.com.