Manual Underwrit Freddie Mac

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Manual underwriter freddie mac investor

  1. Freddie Mac Manual Underwriting Dti
  2. Manual Underwriter Freddie Mac Fannie Mae

Freddie Mac Manually Underwritten Loans presents underwriting requirements and risk evaluation principles for manually underwritten mortgages that will be sold to Freddie Mac. Participants will examine standard Freddie Mac guidelines for manually underwriting: Loan applications never submitted to Loan Product Advisor (LPA).

Freddie Mac Multifamily Seller/Servicer Guide (Guide) forms, commonly used underwriting forms, and other forms and documents are listed below. Access the Guide via AllRegs®.

  • Manual Underwriting Lenders in the Mortgage Market Manual underwriting is most common for mortgage lending. A large portion of the mortgage market is controlled by Fannie Mae and Freddie Mac. These companies provide insurance for lenders writing mortgages.
  • Regardless of the underwriting path, the income qualification sources used to qualify the borrower (whether or not specifically addressed in Topic 5300) and the documentation in the Mortgage file must be evaluated for stable monthly income qualification requirements and must meet the requirements of Topic 5300.

Please note: The use of Guide forms by Optigo® Lenders is subject to the terms and conditions of the Purchase Documents, as that term is defined in the Guide.

The electronic versions of our Guide forms are available here in Adobe Acrobat Reader format and cannot be altered. A free Acrobat Reader 'plug-in' is required to view and/or print the forms. If a form does not appear after clicking a link on the Multifamily Guide Forms page, then you need to download Acrobat Reader. Please note that you'll be downloading Acrobat Reader from the Adobe website to your computer.

Printing Instructions

To print a form, click on the form you need. The form will be displayed in Acrobat Reader. At the top of the Acrobat Reader window, click on the printer icon (not the 'Print' button on your browser's task bar. A 'Print' dialog box will appear where you can set print options, if necessary.

Applications

Freddie Mac Manual Underwriting Dti

Fannie

Seller/Servicer Guide

Manual Underwrit Freddie MacUnderwriting

Multifamily Eligibility System Peer to peer mac os x.

Resources

Manual Underwriter Freddie Mac Fannie Mae

  • Guide Chapters
    1. .pdfChapter 1 - Introduction
    2. .pdfChapter 2 - General Freddie Mac Policies
    3. .pdfChapter 3 - Seller/Servicer Eligibility Requirements
    4. .pdfChapter 4 - Suspension or Termination of a Seller/Servicer
    5. .pdfChapter 5 - Seller/Servicer Representations and Warranties
    6. .pdfChapter 6 - Legal Services for Mortgage Origination and Servicing
    7. .pdfChapter 6SBL - SBL Legal Services for Mortgage Origination and Servicing
    8. .pdfChapter 7 - Fraud Prevention, Detection and Reporting; Reporting Fraud and Suspicious Activity
    9. .pdfChapter 8 - Property Fundamentals
    10. .pdfChapter 8SBL - SBL Property Fundamentals
    11. .pdfChapter 9 - Borrower/Sponsor Fundamentals
    12. .pdfChapter 9SBL - SBL Borrower/Borrower Principal Fundamentals
    13. .pdfChapter 10 - Fundamentals of Mortgages, Mortgage Origination and Credit Underwriting
    14. .pdfChapter 11 - Miscellaneous Fundamentals
    15. .htmChapters 12 - 16SBL: Reserved These chapters are reserved.
    16. .pdfChapter 17 - Originating a Mortgage under the MF Conventional Cash Mortgage Purchase Program
    17. .htmChapter 18: Reserved This chapter is reserved.
    18. .pdfChapter 18SBL - Originating an SBL Mortgage
    19. .pdfChapter 19 - Originating a Targeted Affordable Housing Cash Mortgage
    20. .pdfChapter 19A - Originating a TAH Cash Mortgage under a Forward Commitment
    21. .pdfChapter 20 - Originating a Mortgage under the Multifamily Supplemental Mortgage Product
    22. .pdfChapter 21 - Originating a Mortgage under the Multifamily Seniors Housing Project
    23. .pdfChapter 22 - Originating a Mortgage under the MF Manufactured Housing Community Project
    24. .pdfChapter 23 - TAH Underwriting Analysis for Affordability Components
    25. .pdfChapter 24 - Freddie Mac Multifamily Green Advantage
    26. .pdfChapter 25 - Originating a TAH Tax-Exempt Loan
    27. .pdfChapter 25A - Originating a TAH Tax-Exempt Loan under a Forward Commitment
    28. .htmChapter 26: Reserved This chapter is reserved.
    29. .pdfChapter 27 - Commitment or Early-Rate Lock Application
    30. .pdfChapter 28 - Originating a TAH Bond Credit Enhancement Mortgage
    31. .pdfChapter 28A - Originating a TAH BCE Mortgage under a Forward Contract
    32. .pdfChapter 29 - Title, Description, Survey and UCC Search
    33. .pdfChapter 29SBL - SBL Title, Description, Survey and UCC Search
    34. .pdfChapter 30 - Ground Lease Mortgages
    35. .pdfChapter 31 - Insurance Requirements
    36. .pdfChapter 32 - Final Delivery Requirements
    37. .pdfChapter 33 - Warehousing, Secured Advances and Other Secured Lending Arrangements
    38. .pdfChapter 34 - Retention of Mortgage File
    39. .htmChapter 35: Reserved This chapter is reserved.
    40. .pdfChapter 36 - General Servicing Policies
    41. .htmChapter 37: Reserved This chapter is reserved.
    42. .pdfChapter 38 - Servicing Compensation
    43. .pdfChapter 39 - Administration of Reserves; Monitoring Repairs
    44. .pdfChapter 40 - Assessments and Other Post-purchase Reporting
    45. .pdfChapter 41 - Transfers of Ownership
    46. .pdfChapter 41SBL - SBL Transfers of Ownership
    47. .pdfChapter 42 - Transfers of Servicing
    48. .pdfChapter 43 - Specific Servicing Responsibilities
    49. .pdfChapter 44 - Delinquency, Default and Loss Mitigation Strategies
    50. .pdfChapter 45 - Real Estate Owned
    51. .htmChapter 46: Reserved This chapter is reserved.
    52. .pdfChapter 46SBL - SBL Collateral, Repurchase, Loss and Securitization
    53. .pdfChapter 47 - Repurchases; Indemnification
    54. .pdfChapter 48 - Termination of Servicing
    55. .htmChapter 49: Reserved This chapter is reserved.
    56. .pdfChapter 50 - General Accounting and Reporting Requirements
    57. .pdfChapter 51 - Prepayments
    58. .pdfChapter 52 - Custodial Accounts
    59. .pdfChapter 53 - Determining and Remitting Payments
    60. .pdfChapter 54 - Accounting and Reporting
    61. .pdfChapter 55 - Documentation and Deliveries
    62. .pdfChapter 55SBL - SBL Documentation and Deliveries
    63. .htmChapters 56-59: Reserved These chapters are reserved.
    64. .pdfChapter 60 - Appraiser and Appraisal Requirements
    65. .pdfChapter 61 - Environmental Requirements
    66. .pdfChapter 62 - Property Condition Report Requirements
    67. .pdfChapter 62SBL - SBL Physical Risk Report Requirements
    68. .pdfChapter 63 - Construction Reports
    69. .pdfChapter 64 - SBL Seismic Risk Assessment Requirements
    70. .pdfChapter 64SBL - SBL Seismic Risk Assessment Requirements
    71. .pdfChapter 65 - Green Report Requirements
    72. .pdfChapter 66 - Conventional/TAH Physical Risk Report Requirements
  • Guide Training Videos
    1. .htmIntroduction to the Guide 12/15/2020 Login/create an Optigo Academy account to view
    2. .htm3 Ways to Access the Guide 12/15/2020 Login/create an Optigo Academy account to view
    3. .htm2 Ways to Print the Guide 12/15/2020 Login/create an Optigo Academy account to view
  • Numbered Guide Forms
    1. .htmForm 16M: Multifamily Annual Certification ReportTo access these forms, you will need a valid User ID and password for the Multifamily Eligibility System (MES). Contact your system administrator for access to the MES.
    2. .htmForm 17M: Multifamily Annual Certification Report – Structured Transaction & Tax-Exempt Bond Seller/ServicersTo access these forms, you will need a valid User ID and password for the Multifamily Eligibility System (MES). Contact your system administrator for access to the MES.
    3. .pdfForm 104: Loan and Real Estate Owned (REO) Expenses and Income 5/17/2017
    4. .pdfForm 483M: Wire Transfer Authorization 4/30/2019
    5. .pdfForm 921: Letter of Credit – SBL Certification 5/17/2017
    6. .pdfForm 981M: Transfer of Servicing Agreement 7/17/2020
    7. .pdfForm 987M: Wire Transfer Authorization – Cash Warehouse Delivery 5/17/2017
    8. .pdfForm 988M: Multifamily Certificate of Authorized Representative 4/30/2019
    9. .pdfForm 989M: Multifamily Certificate of Corporate Secretary 6/27/2019
    10. .pdfForm 990M: Certificate of Limited Liability Company Secretary/Authorized Representative 4/30/2019
    11. .pdfForm 996M: Warehouse Lender Release of Security Interest 5/17/2017 To view this form, download and open the form in Adobe Reader
    12. .zipForm 1028: Value-Add Monitoring 9/30/2020
    13. .zipForm 1209: Green Retrofits Certification 1/19/2021
    14. .xlsForm 1056: Reserves Held in Custodial Accounts 6/27/2019
    15. .pdfForm 1057A: Letter Agreement for Securities Custodial Account for Tax-exempt Bond Transactions 6/25/2020
    16. .pdfForm 1057: Letter of Agreement for Servicer's Principal and Interest of P&I Disbursement Clearing Custodial Account 6/25/2020
    17. .pdfForm 1058: Letter Agreement for Servicer's Reserve Custodial Account 6/25/2020
    18. .pdfForm 1059: Letter of Agreement for Principal and Interest, or P&I Disbursement Clearing Custodial Account 6/25/2020
    19. .pdfForm 1060: Letter Agreement for Reserve Custodial Account 6/25/2020
    20. .pdfForm 1061A: Certificate of Incumbency and Authority To Draft Against Securities Custodial Accounts 5/17/2017
    21. .pdfForm 1061: Certificate of Incumbency and Authority To Draft Against Custodial Accounts 5/17/2017
    22. .pdfForm 1062: Sight Draft 5/17/2017
    23. .pdfForm 1063: Notice Letter – Alternative CE Bond Billing Procedure 11/16/2017
    24. .pdfForm 1065M: Report of IRS Form 1099-A and 1099-C Filings 6/17/2017 To view this form, download and open the form in Adobe Reader
    25. .pdfForm 1101: Legal Referral Form 5/17/2017
    26. .zipForm 1102: Seismic Risk Assessment Summary 9/30/2020
    27. .zipForm 1103: Environmental Site Assessment 9/26/2019
    28. .zipForm 1104: SBL Physical Risk Report 10/9/2020
    29. .zipForm 1105: Property Condition Assessment 9/30/2020 A new Export JSON button has been added to this form. For more information about the Form 1105 JSON Data Supplement, view the orange box in the right-hand column.
    30. .zipForm 1106: Green Report 9/30/2020
    31. .pdfForm 1107M: Multifamily Seller/Servicer Change Notification 6/27/2019 To view this form, download and open the form in Adobe Reader
    32. .zipForm 1108: Physical Risk Report 8/28/2019 Use this physical risk report for Conventional and Targeted Affordable Housing Loans
    33. .htmForm 1110M: Multifamily Annual Certification Report – Servicer OnlyTo access these forms, you will need a valid User ID and password for the Multifamily Eligibility System (MES). Contact your system administrator for access to the MES.
    34. .pdfForm 1114: Certification - Organizational Chart 9/28/2018 To view this form, download and open the form in Adobe Reader
    35. .pdfForm 1115: Borrower and Borrower Principal Certificate 9/30/2020 To view this form, download and open the form in Adobe Reader
    36. .pdfForm 1115 SBL: SBL-Borrower and Borrower Principal Certificate 9/30/2020 To view this form, download and open the form in Adobe Reader
    37. .xlsForm 1116: Real Estate Schedule 9/30/2020
    38. .xlsForm 1120: Student Housing Questionnaire 9/15/2017
    39. .pdfForm 1125: Borrower Application for Partial Release or Easement 5/17/2017 To view this form, download and open the form in Adobe Reader
    40. .pdfForm 1126: Acknowledgement of Property Improvement Alterations 5/17/2017
    41. .htmForm 1133: Seller/Servicer Certification of Insurance CoverageTo access this form you will need a valid User ID and password for the Insurance Compliance Tool (ICT). Contact your system administrator for access to the ICT.
    42. .pdfForm 1140: Hazard Loss Notification and Plan 10/17/2017
    43. .pdfForm 1140-DR: Hazard Loss Disbursement Request 5/17/2017
    44. .xlsForm 1143: Multifamily Principal & Interest Custodial Account Reconciliation Worksheet 6/15/2017
    45. .pdfForm 1144: Verification of Collections 5/17/2017
    46. .pdfForm 1146: System Administrator Add/Update/Remove Request 9/30/2020 To view this form, download and open the form in Adobe Reader
    47. .pdfForm 1148: System User Verification and Certification 5/17/2017
    48. .pdfForm 1149: System Administrator Verification and Certification 5/17/2017
    49. .pdfForm 1150: Wire Transfer Authorization – Non-Warehoused Mortgage 5/17/2017
    50. .pdfForm 6011: Waiver of 50-page Limit for SBL Appraisal 6/27/2019 To view this form, download and open the form in Adobe Reader
    51. .xlsForm 5150 - Forward Commitment Monitoring Report 9/30/2020
  • Checklists and Guide Exhibits for Underwriting
    1. .xlsInteractive Conventional and TAH Cash UW Checklist 12/15/2020
    2. .xlsExhibit 1.2 SBL UW Checklist 12/15/2020
    3. .pdfExhibit 1.1 Conventional UW Checklist 6/25/2020
    4. .pdfExhibit 1.25 TAH - Prescreen Package ChecklistPrescreen Package for Cash Mortgages and Bond Credit Enhancement Mortgages
    5. .pdfExhibit 1.26 TAH - Cash Mortgage Full UW & Early Rate-Lock Checklist
    6. .pdfExhibit 1.29 TAH - Bond CE Mortgage - Full UW Checklist
    7. .pdfExhibit 1.30 TAH - Cash Forward Commitment - Full UW Checklist
    8. .pdfExhibit 1.31 TAH - Cash Conversion UW Checklist
    9. .pdfExhibit 1.32 TAH - Bond CE Forward Commitment - UW Checklist
    10. .pdfExhibit 1.33 TAH - Bond CE Conversion UW Checklist
    11. .pdfExhibit 2 Origination Guidelines for TAH Mortgages
  • Forms for Originate and Underwrite
    1. .xlsSBL - Prescreen and Exception Request Form 12/15/2020
    2. .pdfGeographical Waiver Request 11/15/2016
    3. .pdfCertification Regarding Payment of Fees and Expenses of Freddie Mac's Outside Legal Counsel - TAH 11/15/2016
    4. .pdfException Request - TAH 11/15/2016
    5. .pdfLIHTC Syndicator Approval Request 11/15/2016
    6. .xlsProperty Inspection and Lease Audit - SBL 5/19/2016
    7. .xlsBond Credit Enhancement Mortgage Transaction Parties and Details - TAH 9/18/2014
    8. .pdf501(c)(3) Compliance Checklist Mortgage Purchase Eligibility - TAH
  • Forms for Asset Management
    1. .xlsBond ADS Supplemental Form 3/2/2020
    2. .xlsUnstabilized Property Monitoring Form 11/8/2019
    3. .pdfCSO Certification (MHC Tenant Protections) 7/11/2019
    4. .pdfKensington Cap Escrow Adjustment Request 2/28/2018
    5. .pdfBorrower Certification - Completion of Restoration 11/3/2017
    6. .pdfBusiness Guidance Request – Securitized Loan 9/27/2017 Complete and upload to DMS when you want to ask for advice on how to implement the Freddie Mac Multifamily Servicing Standard.
    7. .pdfCSO Certification (Freddie Mac-Owned Loan) 9/27/2017
    8. .pdfCSO Certification (Securitized Loan) 9/27/2017
    9. .pdfEasement Request 9/27/2017
    10. .pdfGeneral Servicing Request 9/27/2017
    11. .pdfProperty Management Change Certification 9/27/2017
    12. .pdfProperty Management Change Request 9/27/2017
    13. .pdfProperty Partial Release Request 9/27/2017
    14. .pdfRelease/Extension of Monetary Collateral Request 9/27/2017
    15. .pdfRepair/Rehab Agreement Extension/Modification Request 9/27/2017
    16. .pdfTransfer of Ownership/Assumption Request 9/27/2017
    17. .pdfUniform Supplemental Financing Checklist 9/27/2017
    18. .pdfBorrower Certification - Completion 5/3/2017 Submit when all property repairs have been completed.
    19. .pdfBorrower Certification - Partial Completion 5/3/2017 Submit when some of the property repair items have been completed, but there are still a few items outstanding.
    20. .xlsCo-op Assessment Supplemental Form 3/20/2017
    21. .pdfCounterparty Approval Request 11/15/2016
    22. .xlsServicer's Proforma 11/22/2013
  • Access Request Forms
    1. .pdfICT User Access Request 10/5/2020 Use to add/delete user access for the ICT.
    2. .pdfDMS New User Setup, Reactivation and Deactivation Form 1/30/2020