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Cash-Released XChange®

The Best Price Option

Overview

In today’s market, you might be dealing with fewer originations and greater margin compression – making you think of new ways to get cash quickly. Transferring your servicing contract rights through Cash-Released XChange can give you additional revenue to offset these factors. Sell any number of fixed-rate loans for cash and transfer the servicing in the same transaction, as you’re used to doing through Loan Selling Advisor®. When selling through Cash-Released XChange, use Freddie Automated Servicing Transfer (FAST®) to easily transfer servicing data and documents.

Ready to get started with Cash-Released XChange? Fill out this short form.

Get Started with Cash-Released XChange®

This guide helps you to get started with Cash-Released XChange in just four steps, from confirming eligibility to committing your first loan.

Benefits

  • No Contracting with Transferee Servicers
    • Cash-Released XChange is in the Freddie Mac Single-Family Seller/Servicer Guide, so no need to contract with Transferee Servicers. The standardized Purchase & Sale Agreement is Exhibit 28A.
  • No Volume Requirement
    • Choose to sell one, a few, or many loans and transfer servicing in the same transaction
  • Streamlined Financial Transfer
    • All-in funding of the Freddie Mac asset price and servicing-released premium (SRP)
    • Net  funding of the escrows, interest, fees, etc from the funding, which is automatically wired to the Servicer
  • Servicing-released premium (SRP) disclosed up front
    • Get the fastest view into the total price being offered
  • Bifurcation
    • Selling representations & warranties remain with you: servicing representation and warranties move to the Servicer
  • Direct Relationship with Freddie Mac
    • Work directly with us on any post-closing quality control activities
  • Sell to Your Terms
    • There are no overlays - you can deliver to your normal terms with us

A Breath of Fresh Air: How API Integration Brought Out the Best of Cash-Released XChange® for Legend Lending

How did Legend Lending realize greater pricing benefits and gain operational efficiencies that ended up changing the way they do business with Cash-Released XChange® and FAST®? It took a bit of trial and error and – most importantly – strong partnerships.

Read Their Story

Transferee Servicers

When you utilize the Cash-Released XChange execution you will receive competitive SRP pricing from these Transferee Servicers: 

  • Arvest Bank
  • JPMorgan Chase Bank, National Association
  • Lakeview Loan Servicing, LLC
  • Marlin Mortgage Capital, LLC
  • Nationstar Mortgage LLC d/b/a Mr. Cooper
  • PHH Mortgage Corporation
  • PNC Bank, National Association
  • Specialized Loan Servicing LLC
  • U.S. Bank, National Association

Cash-Released XChange User Guide

This document contains important information on how to package and deliver documents to the Servicer.

Cash-Released XChange Quick Start Guide

This guide helps you to get started with Cash-Released XChange in just four steps from confirming eligibility to committing your first loan. 

Cash-Released XChange Availability Matrix

This document provides an overview of products available to Sellers that are eligible to sell mortgages through Cash-Released Xchange. 

Loan Servicing Purchase and Sales Agreement

This document provides an overview of products available to Sellers that are eligible to sell mortgages through Cash-Released Xchange. 

Freddie Automated Servicing Transfer (FAST®

Freddie Automated Servicing Transfer (FAST<sup>®</sup>) standardizes and simplifies the transfer of servicing documents by extracting information from imaged documents.

Exhibit 19, Credit Fees

Review Exhibit 19, a matrix of loan-level price adjustments.

Cash-Released XChange Specifications

This document provides Cash-Released XChange details, including eligible mortgage prices, contract requirements and settlement information.

Cash-Released XChange Imaged Document Checklist

The imaged document checklist identifies all documents that must be submitted in the servicing transfer file.

Cash-Released XChange Final Document Checklist

The final document checklist must be used to forward original, final recorded documents to the servicer.

Becoming a Seller/Servicer

To be considered for approval as a Freddie Mac Seller/Servicer, your organization must meet the following minimum eligibility requirements as well as additional eligibility requirements that are listed in the application package.

Best Practices for Selling Through Cash-Released XChange

Save time and avoid errors and inaccurate data by following helpful reminders, tips and best practices.

Fundamentals of Cash-Released XChange

This 25-minute tutorial highlights the fundamentals for mortgages sold servicing-released, including the key steps for taking out a contract and contract fulfillment.

Freddie Mac Cash-Released XChange Overview

Provides a high-level description of the Cash-Released XChange and Freddie Automated Servicing Transfer (FAST®) processes.

Document Custodian Options for Cash-Released XChange

Learn how to request a preferred document custodian for mortgages sold through Cash-Released XChange. 

Servicing Released Premium Adjustments

The Freddie Mac Cash-Released XChange execution lets you sell Mortgage to us and concurrently transfer the servicing contract rights to a preapproved Transferee Servicer. 

Servicing Released XChange Training Resources

This document lists various resources that describes Freddie Mac's Servicing-Released XChange executions.