Loan Selling Advisor Updates Related to the Extension in 10-bps Credit Fee in Yield

As announced in Single-Family Seller/Servicer Guide (Guide) Bulletin 2021-36, the Infrastructure Investment and Jobs Act (IIJA) which was signed into law on November 15, 2021, extended the 10 basis points (bps) payment obligation to the U.S. Department of Treasury. Freddie Mac will continue to collect this obligation on all single-family residential mortgages purchased by Freddie Mac.

Clients that sell loans through the Guarantor and MultiLender execution paths may notice changes to certain Loan Selling Advisor® screens, including the Guarantor Rate Sheet Results screen, beginning with settlements on or after January 1, 2022. If you sell loans via Guarantor or MultiLender and have questions about this change, please contact your Freddie Mac representative.

Loan Selling Advisor to be Updated with the 2022 Loan Limits

Loan Selling Advisor will be updated on December 5, 2021, to reflect the 2022 conforming loan limits. In most areas in the U.S., the 2022 maximum base conforming loan limit will be $647, 200, an increase from this year’s limit of $548,250 for a 1-unit property. As a reminder, mortgages with original loan amounts higher than the 2021 loan limits must have Freddie Mac funding or settlement dates on or after January 1, 2022. Learn more.

Coming to Loan Advisor: Freddie Automated Servicing Transfer (FAST)

Early next year, FAST® will become a service through Freddie Mac Loan Advisor® providing single sign-on capability:

  • A single set of credentials. When you log into the Loan Advisor portal, you’ll have access to FAST without having to log in separately, providing quicker access.
  • Improved security. Instead of company-level, shared credentials, you’ll use your individual Loan Advisor credentials to access FAST.
  • Easily grant user access. FAST can be provisioned through Freddie Mac Access Manager, our self-service platform that provides access to all Freddie Mac tools.

As we get closer, we’ll provide instructions on how to set up individual user access, so your organization’s users can seamlessly continue delivering loan files to all Cash-Released Xchange® and select Co-Issue Xchange® servicing buyers.

Computershare Replaces Wells Fargo as Designated Document Custodian

As announced in Guide Bulletin 2021-34, and because of Computershare Trust Company, N.A.’s acquisition of Wells Fargo Trust Company, on November 1, 2021, Computershare replaced Wells Fargo as a Designated Custodian.

Seller/Servicers that previously used Wells Fargo as their Designated Custodian/Document Custodian do not need to take any action to use Computershare as their Designated Custodian/Document Custodian. If a Seller/Servicer would like to choose a different Document Custodian to work with, the Seller/Servicer can refer to the Document Custodians Accepting Third-Party Seller/Servicer List when choosing a new Document Custodian.

Some Training Resources Moved to Online Help

Effective January 1, 2022, we’ve retired the following resources because the information they contain is covered in our Loan Selling Advisor online help. The existing URLs for these resources will automatically redirect to the online help resources on January 1, but we’ve also linked to those resources below: