How to Sell Loans for Cash, Servicing-Released
Increase your liquidity while selling your mortgage and servicing asset
Whether you're new to doing business with Freddie Mac or already selling loans to us for cash, servicing-released, you'll find the information you need to get started right on this Web page. Plus, access a variety of training resources to help you learn the process, get details on transferring your loan servicing, and more.
Get Started Selling Servicing-Released
Once you've been approved to use the cash, servicing-released execution, you'll need to complete a few essential steps, then you'll be ready to take advantage of this competitive execution for your cash sales. To get started:
- Go to Doing Single-Family Business with Freddie Mac
- Choose the Get Started Checklist, and select "servicing-released"
- Answer the questions provided and click “Generate Checklist“
- Complete the forms provided on the Get Started Checklist page and be sure to follow each form's individual return instructions
- Once you receive a confirmation e-mail, allow approximately three business days for your access to the selling system to be activated so that you can start selling loans through the cash, servicing-released execution
As part of our continuing efforts to promote responsible lending practices and manage our risks associated with loans sold through the cash, servicing-released execution, your ability to use this execution option may be withdrawn at our discretion for reasons that include:
- Failure to sell and deliver mortgages through the execution within six months from the date you receive approval to use this sale option
- Failure to maintain satisfactory financial condition
Servicing-Released Cash Sale Process
Refer to these resources for important details on the servicing-released cash sale process
- Loan Servicing Purchase and Sales Agreement (Exhibit 28A) – Review this document to understand your agreement with the servicers who will buy your loan servicing
- General Operating Principles for your servicing-released cash sales, including our lock and re-lock policy
Sell and Deliver Loans
Easily and conveniently sell your loans for cash through the selling system
- Available Mortgages – View Freddie Mac's Selling System Availability Matrix Cash, Servicing-Released and Best Efforts
- Freddie Mac's Postsettlement Delivery Fees (Exhibit 19) – Review our matrix of loan-level price adjustments, including delivery fees and/or delivery fee credits based on certain loan attributes
Training Materials
Access these web-based training tools for step-by-step instructions on selling loans servicing-released
- Selling System Introduction & Functionality – Get a basic understanding of how to use the selling system
- Cash Pricing – Learn how to get pricing for cash contracts
- Cash Contracting – Find out how to take out a cash contract
Additional Resources
- AllRegs® (Single-Family Seller/Servicer Guide) – Go to AllRegs to view complete Guide requirements. Plus, see these key Guide chapters before taking out loan commitments:
- 2.2.1 Introduction to Loan Prospector®
- 6.1 Submission of data to Freddie Mac
- 6.11 Warranties and Representations
- 9.9 Requirements for the Servicing-Released Sales Process
- 72.1 Repurchases Required by Freddie Mac
- Guide Forms – Directly access the forms required to sell for cash, servicing-released, when you need to make updates to these forms
- Guide Bulletins and Updates
- Quality Control Best Practices
- Selling System Resources
- Single-Family News Center
Contact Freddie Mac
Freddie Mac representatives are available to assist you Monday through Friday, 8:00 a.m. – 8:00 p.m. ET. Call 800 FREDDIE [800-373-3343] and select:
- "Underwriting" or "Loan Prospector®" to get assistance underwriting loans using Loan Prospector
- "Delivery" to receive selling system support
- "Delivery" to ask any questions about the setup process, including completing required forms
- "Password" to reset your selling system user ID and passcode