Our February Loan Selling Advisor® news includes updates to enrich your loan delivery, including an updated user portal and enhanced processes. Topics include:

  • Freddie Mac GatewaySM Portal
  • Funding and Settlement Statement Redesign
  • Mission Index Guarantor Single-Issue Contracts
  • Green Mortgage-Backed Securities (MBS) Updates
  • Customer Test Environment (CTE) Outage for Scheduled Maintenance
  • Uniform Loan Delivery Dataset (ULDD) Updates
  • Import Loan Screen Enhancements
  • Home Possible® Very Low-Income Purchase (VLIP) Credit Update
  • Recapture of Premiums and Reimbursement of Buyup Proceeds 
  • Critical Purchase Eligibility Messages
  • Loan Selling Advisor New Error Messages

And more.

NOW LIVE

Freddie Mac GatewaySM Portal

Effective January 27, Loan Selling Advisor can be accessed through the Freddie Mac Gateway, a new portal providing access to all Single-Family technology solutions. If you have stored the prior Loan Advisor® login URL, your web browser will automatically be redirected, but please bookmark the new URL for direct and easy access. 

Freddie Mac Gateway URL: https://freddiemacgateway.freddiemac.com

Discover the Features here.  

Consult Online Help here.

Funding and Settlement Statement Redesign

Effective January 27, the ‘View Settlement and Funding Details’ screens were redesigned to enhance the user experience. This improved version introduces a cleaner, more organized page layout that eliminates horizontal scrolling, allowing for intuitive navigation. We also updated Forms 15A/C, Loan Purchase Statement and the Funding Details Report with a new look-and-feel that improves the forms’ readability and ease of use.  

The February 5, Single-Family Seller/Servicer Guide Bulletin 2025-1 includes updated samples of Forms 15 A/C to match the new look-and-feel in Loan Selling Advisor.  

Click here to learn more.

Mission Index Guarantor Single-Issue Contracts

In August 2024, we enhanced our Cash execution by introducing a new capability in Loan Selling Advisor for Sellers to select a Mission Index Cash-Specified Pool Type and potentially receive a payup. We also began calculating and displaying loan-level Mission Index scores for all loans delivered in Loan Selling Advisor.

Effective January 27, for Guarantor fixed-rate Single Issue contracts, Loan Selling Advisor calculates and displays a pool’s Mission Criteria Share (MCS), Mission Density Score (MDS) and a Social Indicator of “Yes” or “No” (contracts that have an MCS of 1 and an MDS greater than or equal to 2 will populate as Yes) on the Contract Details screen. For more information, refer to our Loan Selling Advisor Online Help 2025 Recent Updates or the Mission Index webpage.

Green MBS Updates

Effective January 1, sellers can create Green MBS through the Guarantor fixed-rate Single-Issue process, when pools are backed by collateral that meets the criteria in our Green MBS Framework. 

Beginning with the March settlement cycle, lenders will have the option to pool qualifying loans into a Green MultiLender pool. In March, Green MultiLender pools and CUSIP numbers will be identified in the Open MultiLender Report here.

For additional information check out these resources:

CTE Extended Maintenance Window

We’re continually looking for ways to make your interactions with our systems as easy and secure as possible. In doing so, the Loan Selling Advisor, XChange CenterSM and Selling APIs connected to the Production Baseline CTE will undergo planned maintenance. 

All features in CTE will be unavailable, beginning at 5 p.m. Eastern Time (ET) on Thursday February 13 through 9 a.m. ET on Tuesday, February 18. Please contact your Freddie Mac Representative if you have any questions. Additional reminders will be posted on the Loan Selling Advisor CTE welcome page.

If you have questions, please contact your Freddie Mac representative or the Customer Support Contact Center (800-FREDDIE).

COMING SOON

CTE for ULDD Phase 5 – UAD 3.6 Alignment and Other ULDD Updates

Get Ready to Test the ULDD Phase 5 – UAD 3.6 Alignment

Are you ready for the ULDD Phase 5 Uniform Appraisal Dataset (UAD) 3.6 Alignment updates? To make sure you have ample time to update your systems and test your integrations for the new requirements outlined in the ULDD September 12, 2023 announcement.  

Beginning March 17, we’re providing access to the Loan Selling Advisor Pre-Production CTE which will include the Business Critical ULDD Phase 5 changes and the latest updates for UAD 3.6.

Software partners and Sellers who are currently testing the ULDD Phase 5 mandate changes in our Production Baseline CTE will need to use the Pre-Production CTE link below to ensure the UAD 3.6 changes in ULDD are aligned.  

Sellers/Servicers and software partners who are not currently testing ULDD Phase 5 mandate changes, can request access to our test environments at any time by contacting your Freddie Mac representative.

CTELoan Selling Advisor Pre-Production CTELoan Quality Advisor CTE
CTE Linkshttps://las-uat3.fmappsuat.fmrei.com/lsp_uat3/las-sec/https://las-cte.fmrei.com/lsp_public/#/
Testing Scope
Transitioning Between CTEs
  • ULDD testing data you created in the current Production Baseline CTE (imported loan files, contracts taken out) will not transfer automatically to our Pre-Production Baseline CTE.  
  • You will need to export loan data from Production Baseline CTE and utilize the same XML files to re-import loans into Pre-Production CTE.  
  • You will need to recreate any custom exports.
Login Credentials
  • Use your existing Production Baseline CTE credentials (user ID and password) to log in to Pre-Production CTE.
  • These credentials are different from your production user ID.
Who to Call?
  • Contact your Freddie Mac Account Representative
  • Contact your Software Partner representative directly or email the Software Partner team at [email protected]

Other ULDD Guide Revisions and Announcements

As announced in the February 5, Guide Bulletin, 2025-1, we made the following Uniform Loan Delivery Dataset (ULDD) revisions:

  • Implementation notes to clarify how to properly round down both the Purchase Price Amount (Sort ID 195) and Property Valuation Amount (Sort ID 83) data points when delivering loans with Sales Concessions.
  • Conditionality was also updated for the HMDA Rate Spread Percent (Sort ID 208) data point, reflecting that sellers must enter the value if required pursuant to HMDA reporting.

For the complete list of updates and effective date information, please refer to Guide Bulletin 2025-1 and the ULDD Revisions Page.

Check out all of our ULDD resources here and review our ULDD Revisions page for the latest updates.

Import Loan Screen Enhancements

Effective February 24, you’ll notice a new look and feel for the ‘Import Loan’ screen that will help streamline and simplify your import process. The improved functionality will introduce dynamic screen selections for easy navigation and will allow you to drag and drop your import file in addition to the current browse and upload file process. Reducing clicks and saving you time, is just one of the ways we are making it easier to do business with us.

Home Possible® VLIP Credit Update

As announced on December 12, in Guide Bulletin 2024-H, we’re extending the $2,500 Home Possible Very-Low Income Purchase (VLIP) Mortgages Credit. This was originally announced in Guide Bulletin 2024-A. For mortgages with settlement dates on or after March 1, 2025, and on or before February 28, 2026, the updated eligibility will require at least one borrower be a first-time homebuyer, in accordance with Guide Exhibit 1, Instructions for Completing the Borrower First Time Homebuyer Indicator.

To receive this credit on eligible loans, Sellers must deliver the following ULDD Data Points:

  • Loan Program Identifier (Sort ID 404) and enter a valid value of “Home Possible Mortgage.”
  • Investor Feature Identifier (Sort ID 368) and enter a valid value of “K10,” indicating Home Possible VLIP Mortgage Credit.

The requirements in Bulletin 2024-A continue to apply for mortgages with settlement dates on or before February 28, 2025.

Please refer to Guide Exhibit 19, Credit Fees, for additional information.

Recapture of Premiums and Reimbursement of Buyup Proceeds

As announced on February 5, in Guide Bulletin 2025-1, effective for loans with settlement dates on or after May 1, 2025, there will be a new fee for mortgages paid off within 120 days after the funding date or settlement date. 

Mortgages delivered through the Guarantor or MultiLender Swap program will be assessed an early payoff fee, which is defined in Section 6303.5 as an amount equal to 100 basis points (1%) of the outstanding unpaid balance (UPB) of the mortgage on the funding date. 

Mortgages delivered through the Cash program will be assessed a premium recapture fee, which is defined in Section 6303.5 as the premium paid for the mortgage calculated as the amount by which the purchase price exceeded the par price, after netting out the delivery fees minus a process fee not to exceed 50 basis points, multiplied by the outstanding UPB of the mortgage on the funding date.  

Critical Purchase Eligibility Messages

Updated Date:  Loan Product Advisor® (LPA®) First Submission After Note Date

We’ve updated the effective date to March 3 for this critical purchase eligibility edit.

As previously announced in October, Loan Selling Advisor will enforce the requirement in Guide Section 5101.1(b), Loan Product Advisor Mortgages, that, for a mortgage to qualify as a LPA mortgage, it must be submitted to LPA no later than the note date. However, (i) construction conversion and renovation mortgages must be submitted to LPA no later than the effective date of permanent financing, and (ii) Seller-owned modified mortgages that are Home Possible® mortgages must be submitted to LPA no later than the modification date.

Updated Date: Data Comparison Edits

We’ve updated the effective date to February 18 for these purchase eligibility edits.  These edits will now be introduced as warning and will convert to critical on May 19.

As previously announced in October, critical purchase eligibility edits will fire in Loan Selling Advisor if the following ULDD Data Points do not match their equivalent in LPA:

  • Property Usage Type (Sort ID 69)
  • Loan Amortization Type (Sort IDs 138, 333, 461)
  • Loan Program Identifier (Sort ID 404) 
  • Mortgage Type (Sort IDs 317, 347, 472)
  • Employment Borrower Self Employed Indicator (Sort ID 600)

Loan Selling Advisor® New Error Messages

Effective February 24, you’ll see two new error messages when taking out Mandatory and Best Efforts cash contracts. Both error messages apply to Loan Selling Advisor graphical user interface (GUI)-created contracts and will not apply to Cash Committing API.

  • Mandatory Cash Contract Confirmation Not Displayed: Today, when you take out and accept a mandatory cash contract, Loan Selling Advisor returns a confirmation. If we’re unable to display the confirmation message, we’ll display a message with the accepted Investor Contract Identifier, which you can then confirm was accepted by using the Search Contract Pipeline feature. This error message will provide additional information that may prevent you from taking out a duplicate contract.
  • Loan Already Allocated to a Best Efforts Cash Contract:  If two different users take out a Best Efforts contract with the same loan, the new error message can identify that the loan is already allocated to another contract.

These messages provide clarity to make your job easier.  It’s one of the many ways we’re continually improving your interactions with our systems.

Have more ideas on how we can improve Loan Selling Advisor for your loan delivery and execution needs?  Reach out to your Freddie Mac representative or call 1-800-FREDDIE, we’d love to hear from you.