Availability of Seller’s QC Records FAQ

Yes. This will be an additional sample for Freddie Mac to perform a QC review on loans that you have reviewed through your QC.

The QC results on this additional sample may provide Sellers with actionable results that they can apply to help ensure that the Seller’s QC determination that a loan is of investment quality aligns with Freddie Mac’s assessment.

Freddie Mac may request a list of loans previously reviewed by the Seller’s QC as well as certain loan-level details. Freddie Mac will email this request to the Seller’s QC contact from the following email address:  [email protected]

Sellers should email the loan-level list to [email protected]. Further instructions will be provided when Freddie Mac requests the loan list from the Seller’s QC.

A templatexlsx has been created indicating the data required. The loan-list should not include any other information than the data indicated on the template. This template will be provided with Freddie Mac’s email notification to the Seller. 

Only include results for full scope post-closing reviews. Do not include reviews that focus on a component, such as a targeted review focused specifically on income calculations, or preclosing reviews.

Please reach out to your Freddie Mac Quality Control Manager or Director. Both your Freddie Mac Quality Control Manager and Director will be copied on the email request to you in case you are unsure who to contact.

We cannot provide an exact number of additional loans. Some loans in our targeted samples may be replaced by loans requested under this sample (loans previously reviewed by a Seller’s QC).

Sellers are expected to provide loan files selected for this sample within the same timeframes we require for all our other samples we request for Freddie Mac QC review. If the loan file is not provided within 30 days of the first loan file request, a second loan file request will be sent allowing an additional 15 days to provide the loan file.

Yes, upon a satisfactory conclusion of a Freddie Mac QC review per Guide Section 1301.11(Opens a new window), these loans will be eligible for representation and warrant relief.

No. The random PL base sample determines the PL NAQ rate.

We will follow our missing document process for this additional sample to give lenders a second opportunity to provide any documents critical to the review.

Yes, loan-level review details will be available in Quality Control Advisor. Lenders will be able to upload loan files, missing documents, and appeals, as well as address repurchase requests just as they currently do for other loans undergoing postfunding QC reviews.

These loans will not have a separate Sample Type within Quality Control Advisor. They will be grouped with other PL Target loans.