Requirements
Becoming a Seller/Servicer
To be Pre-qualified for approval as a Freddie Mac Seller/Servicer, your organization must meet the following eligibility and net worth requirements.
Eligibility Requirements
- Applicant must be a permanent organization and an ongoing concern, properly authorized to do business in each jurisdiction in which it engages in origination or servicing.
- Applicant must be a viable organization able to originate and/or service investment quality loans.
- Applicant must be organized under federal law, or organized under the laws of one of the 50 states, the District of Columbia, Puerto Rico, Guam, the U.S. Virgin Islands, or a U.S. domiciled branch or subsidiary of a foreign entity.
Net Worth Requirements
The applicant must have an acceptable net worth, as determined by Freddie Mac. In determining an applicant’s acceptable net worth, Freddie Mac may consider, among other things, the applicant’s proposed duties and obligations to Freddie Mac. Please note, however, that as a condition to approving an application, Freddie Mac may impose certain restrictions, modifications or limitations, some of which may be based upon an applicant’s net worth. For more information, please refer to topic 2100, Seller/Servicer Institutional Eligibility in the Freddie Mac Single-Family Seller/Servicer Guide (Guide). The Single-Family Seller/Servicer Guide is available on All Regs website and is accessible on Freddie Mac's website by typing "Guide" in the search field.
Next Steps
Complete a pre-application questionnaire, which can be found in the related resources list, to determine if your organization meets the eligibility requirements. If your organization meets the eligibility requirements you will receive separate emails with the User ID and Password which you’ll need to access your customized application kit.
When you have your ID and password, complete your customized online application. Your password is for the online application only. If you need to reset it, contact Counterparty Credit Risk Management at (571) 382-3434, option 1.
Application Document Checklist for pre-qualified applicants
Applicant must provide audited financial statements or regulatory reports at the time of application, as well as other information before the application is considered. Click here to view the checklist of the documents which may be required as part of your online application.
Other Application Approval Requirements
- Applicant must maintain a quality control program that complies with Freddie Mac’s quality control requirements.
- An applicant that intends to sell loans to Freddie Mac that will be originated by a third party must maintain a written wholesale home mortgage program that contains steps to evaluate and approve correspondents/brokers and monitor the quality of the correspondent/broker-originated mortgage and performance of the correspondents/brokers. See Freddie Mac Best Practices.
- An applicant that wishes to be approved as a "Seller and Servicer" or "Servicer Only" must demonstrate during the approval review process the ability to effectively service mortgage loans by maintaining adequate staff and procedures or by contracting with a Freddie Mac approved Servicing Agent.
- Applicant must have Fidelity and Errors & Omissions insurance policies in the amounts specified in the Insurance Information Section of the Seller/Servicer Guide.
The decision to approve an institution to become an eligible Freddie Mac Seller/Servicer is within Freddie Mac's complete and sole discretion. At all times, Freddie Mac has the right to modify its eligibility criteria or to impose additional eligibility requirements. In addition, an institution is not to make any assumptions or rely upon any representation regarding approval until official, written notification from Freddie Mac of eligibility approval has been received by that institution.