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eMortgage Systems Approval Requirements for Sellers, Servicers and Vendors

Seller/Servicers must get Freddie Mac approval of their eClosing and eNote systems before they can sell eMortgages to and/or service eMortgages for Freddie Mac. With our streamlined approval process, you may be closer to doing eMortgage business with us than you think. Use the tabs below to help determine which items you’ll need to complete to get started with eMortgages.

For more information and complete requirements on selling and servicing eMortgages, see the Freddie Mac eMortgage Guide.


The type of eClosing and eNote vault system you are using or plan to use for originating and selling eMortgages will determine which approval requirements apply. You may use your own proprietary system or a vendor provided system. If you will use a vendor system, first check our Freddie Mac-approved vendor list to see if they are approved. If they are not yet approved, ask your vendor to reach out to our  eMortgage Team for assistance.

Note: Sellers who also want to get approved to service eMortgages should see the Servicer tab on this page for Servicer approval requirements.

The approval requirements for proprietary and vendor systems are listed below.

Proprietary eClosing and eNote Vault System

  • Demonstration of eClosing and eNote vault systems.
  • MERS® eRegistry and eDelivery testing.
  • Certification from your Chief Technology/Security Officer confirming compliance with our legal and security requirements.
  • Third-party security scan report of eClosing and eNote vault systems.
  • Freddie Mac legal analysis.

Unapproved Vendor System

  • Demonstration of eClosing System and eNote vault systems.
  • MERS eRegistry and eDelivery testing.
  • Certification from your Chief Technology/Security Officer confirming compliance with our legal and security requirements.
  • Certification from the vendor’s Chief Technology/Security Officer regarding your implementation and compliance with our legal and security requirements.
  • Third-party security scan report of eClosing and eNote vault systems.
  • Freddie Mac legal analysis.

Freddie Mac-Approved Vendor System Hosted by the Vendor

  • MERS eRegistry and eDelivery testing.
  • Certification from your Chief Technology/Security Officer confirming compliance with our legal and security requirements.

Freddie Mac-Approved Vendor System Hosted in Seller’s Network

  • Demonstration of eClosing and eNote vault systems.
  • MERS eRegistry and eDelivery testing.
  • Certification from your Chief Technology/Security Officer confirming compliance with our legal and security requirements.
  • Certification from the vendor’s Chief Technology/Security Officer regarding your implementation and compliance with our legal and security requirements.
  • Third-party security scan report of vendor’s eClosing and eNote vault systems.

Additional Information

 


Servicers seeking to get approved to Service eMortgages may service in-house or use a Servicing Agent (sub-servicer) to perform servicing functions. The approval requirements are listed below.

Serviced In-House

  • Verify access to MERS eRegistry to perform life of loan updates.
  • Verify ability to receive and initiate Transfer of Control and Location of eNote as needed during servicing.
  • Provide servicing procedures with eMortgage related servicing activities integrated.

Serviced by a Sub-Servicer

  • Verify access to MERS eRegistry to perform life of loan updates.
  • Verify ability to receive and initiate Transfer of Control and Location of eNote as needed during servicing.
  • Provide servicing procedures with eMortgage related servicing activities integrated.
  • Complete a Servicing Agent agreement (Freddie Mac Form 479A, Single-Family Servicing Agent Certification) between master servicer and sub-servicer.

 

Additional Information

 


Vendors can have their systems reviewed and approved by Freddie Mac, even if a Seller/Servicer has not selected their systems yet. This can expedite the Seller/Servicer’s approval process should they decide to use your systems.

To get approved to offer an eMortgage solution to Freddie Mac-approved Seller/Servicers, vendors must complete the following:

  • Demonstration of eClosing and eNote vault systems.
  • MERS eRegistry and eDelivery testing.
  • Third-party security scan report of eClosing and eNote vault systems.
  • Certification from the vendor’s Chief Technology/Security Officer confirming compliance with Freddie Mac legal and security requirements.
  • Freddie Mac legal analysis.

 

Additional Information

 

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