The sun is shining, the flowers are blooming, and the birds are chirping – Spring is here. The Loan Selling Advisor® April 2023 enhancements can be a breath of fresh air for your loan delivery process. Here’s what’s ready now and coming soon.


New $275,000 Low Loan Balance (LLB) Cash Specified Payup

Effective April 24, we’re giving you more flexibility with a new cash-specified payup type for 30-year fixed rate mortgages when you sell for cash using our mandatory or best efforts execution options. You’ll see the new cash-specified payup when you generate a cash rate sheet or take out a cash contract in Loan Selling Advisor and when you submit a request through either our Cash Pricing or Cash Committing application programming interfaces (APIs). The new cash-specified payup type and eligible products are shown below.

Cash-Specified Payup Type

30-Year Fixed Rate

15-Year Fixed Rate

Max LLB <= 275,000



Loan Selling Advisor’s Online Help and other cash-specified payup resources will be updated soon to reflect the new cash-specified pay up type:

Please read our March 9 article for more information.

Clarification of Servicing Contract Rights

Effective April 12, in Single-Family Seller/Servicer Guide (Guide) Bulletins 2023-9 and 2023-10, we clarified certain terms related to Servicing Contracts, Servicing Contract Rights (SCRs) and Transfers of Servicing. These clarifications emphasize the legal rights associated with those agreements and differentiates them from general industry usage of accounting terminology related to buying and selling mortgage servicing rights (MSRs).

Examples of these changes include:

  • Replacing references to "MSR" with "SCR" where appropriate.
  • Ensuring consistent use of "Servicing Contract Rights" or "SCRs" to denote conditional contract rights and obligations held, but not legally owned, by a Servicer.
  • Changing "Servicing Buyer" to “Transferee Servicer" in the context of Servicing- Released XChange® and Concurrent Transfer of Servicing (CTOS).
  • Reminding Sellers about contractual obligations related to servicing upon sale of a loan to Freddie Mac.
  • Clarifying the servicing-retained sales process.

We’re updating the terminology with additional Guide provisions and definitions and will also make similar changes to our tools, website, and other communications for consistency.

Cash-Released XChange® Funding Adjustments Update

Effective immediately, in Guide Bulletins 2023-9 we’ve updated Section 5.1 of Guide Exhibit 28A, Loan Servicing Purchase and Sale Agreement for Cash-Released XChange®, to require Sellers to notify Servicers of funding adjustment requests within 90 days of the Sale Date for unpaid principal balances or escrow deposits for a mortgage.

For more information, please refer to Guide Exhibit 28A and Guide Bulletin 2023-9.


Improved Import Loan Processes when you Evaluate Unallocated Loans

Effective May 15, we’re saving you time and energy when importing loans.  You asked for it, and we heard you! In March, we announced our improved validation messages in Loan Selling Advisor® when you import new loans and are not evaluating or allocating the loans to contracts.

Now you’ll see these same improvements when you evaluate your unallocated loans. We are constantly looking at ways to improve your loan delivery experience ensuring your validation messages are more clear, accurate and actionable.

We’d love your feedback on these improvements, and other enhancements you’d like to see in Loan Selling Advisor.  Contact our Customer Support Contact Center (800-FREDDIE) or contact your Freddie Mac representative to share your feedback.

More Loan Selling Advisor Cash Specified Payups are on the Horizon

Coming this summer, we’ll introduce new cash-specified payup types for your 30-year and 15-year fixed rate mortgages when you sell for cash using our Best Efforts Contract option in Loan Selling Advisor.

The new cash-specified payup types and eligible products are shown in the table below.

Once available, you’ll see the new cash-specified payup when you generate a cash rate sheet or take out a cash contract in Loan Selling Advisor and when you submit a request through either our Cash Pricing or Cash Committing APIs.

Specified Payup Type

30-Year Fixed Rate

20-Year Fixed Rate

15-Year Fixed Rate

10-Year Fixed Rate

Second Home




State FL



State TX



State NY






Home Possible

FICO < 700




We’ll notify users of the effective date and other details as soon as they are available. 

Have more questions on these upcoming pricing enhancements, or other Loan Selling Advisor execution options?  Email: [email protected], call our Customer Support Contact Center: 800-FREDDIE, or contact your Freddie Mac representative.

New Rule: Critical Edits for Cooperative Share Loans Under Exempt from Review

Effective May 23, Loan Selling Advisor will have new critical edits to enforce the existing requirements in Guide Section 5705.7, Exempt From Review, for Cooperative Share Loans to be eligible under Exempt From Review.

If you have already delivered loans that are out of compliance with this requirement, you should submit a loan-level origination data correction request using the Post Fund Data Correction tool.

ULDD Phase 4a Mandate is Coming May 22, 2023

As a reminder, you are required to comply with the ULDD Phase 4a requirements for loans with Application Received Dates on or after January 1, 2023, and delivery dates beginning on May 22, 2023. For more information, please refer to the ULDD webpage.

Initial Principal and Interest Payment Amount Conditionality Update

Effective September 1, 2023 (but you can implement it now), we’re updating the conditionality for ULDD Data Point Initial Principal and Interest Payment Amount (Sort ID 515.1) that will be effective after the Phase 4a mandate. The conditionality for this data point is required for purchase transaction loans only, when the HELOC Indicator (Sort ID 513) is “false” and the Loan Affordable Indicator (Sort ID 513.1) is “true.” The data point Initial Principal and Interest Payment Amount (Sort ID 515.1) will not be required for delivery on every related loan as the conditionality is currently stated.

Note: ULDD Appendix A/D will be updated at a future date. Please refer to Guide Section 6302.34 and Guide Bulletin 2023-9.

Correspondent XChange® for Existing Clients Will Convert to Guide Contracts on May 3

As a reminder from the Bulletin 2023-6, in Correspondent XChange, on March 1, the new multi-party agreement will, as of May 3, supersede the existing agreements among Freddie Mac, each originator and Truist Bank or U.S. Bank, as applicable. If you wish to terminate your participation in your respective program, you must notify Freddie Mac and Truist Bank or U.S. Bank, as applicable, in writing prior to May 3. This is in accordance with the termination provisions of existing program agreements.

For more information, please refer to Bulletin 2023-6 and Guide impacts: Chapter 6306 (new), Sections 7101.97101.15Exhibit 29 (new) and the Glossary.

Business Resiliency Through April and June Extended Maintenance Windows

As a reminder to our April 11 communication, Loan Selling Advisor, XChange CenterSM and the Selling APIs will undergo planned maintenance from 9 p.m. ET on Friday, April 28, through 11 a.m. ET on Sunday, April 30. During this time, all features in these tools will be unavailable.

As we strive to make updates that improve the resilience of the tools you rely on, we will have two additional extended maintenance window periods in June. Exact dates and times will be communicated as soon as possible.

Refer to our Technology System Status page for the most up-to-date information about the status of our technology tools – including information related to the extended maintenance windows for this effort. We encourage you to bookmark this page for reference.

We apologize for any inconvenience this may cause. If you have any questions, please contact your Freddie Mac representative or the Customer Support Contact Center (800-FREDDIE).