Freddie Mac Single-Family Seller/Servicer Guide 2101.9 — Seller/Servicer insurance reporting requirements

Freddie Mac Single-Family Seller/Servicer Guide 2101.9 — Seller/Servicer insurance reporting requirements

Effective 2026-06-08 · Freddie Mac's stamp for this section

(a) Reporting of insurance documentation Within 30 days of obtaining or renewing any required bond or policy, the Seller/Servicer must submit to Freddie Mac (see Directory 1) a certificate of insurance and related documentation showing the following information: ■ Name and address of insurer and insurance broker ■ Bond or policy number ■ The Seller/Servicer as named insured or joint named insured ■ Type of insurance and coverage; limit of liability on a per loss, occurrence or mortgage, or claims-made basis (specify) and/or any applicable aggregate limit of coverage; and effective dates of coverage ■ Deductible or retention amounts ■ Any endorsement or optional coverage modifying the original bond or policy if the endorsement or optional coverage reinforces compliance with Freddie Mac’s requirements or effectively reduces the coverage required by Freddie Mac. Reference to a form number is not acceptable. A copy of the endorsement or optional coverage is required if the endorsement or optional coverage cannot be summarized substantively on the certificate. ■ The insurer’s agreement to notify Freddie Mac (see Directory 1): ❑ At least 30 calendar days before the insurer, on its own initiative, cancels or nonrenews the Seller/Servicer’s coverage for any reason ❑ Within 10 Business Days after the insurer, on its own initiative, reduces or restrictively modifies the Seller/Servicer’s coverage for any reason or, at the Seller/Servicer’s request, cancels or non-renews the Seller/Servicer’s coverage (b) Reporting of loss or change in coverage The Seller/Servicer must report to Freddie Mac the following events within 10 Business Days of their occurrence using the Change and Activity Report, submitted in accordance with Section 2101.12: ■ The determination that any single act covered under the required bonds and policies has caused loss exceeding $100,000, whether or not Freddie Mac’s interests are affected or a claim is filed with the insurer, or ■ The receipt of notice from any insurer that such insurer has taken or intends to take action to cancel, reduce, not renew or restrictively modify any required Seller/Servicer insurance coverage for any reason. The Seller/Servicer must include a copy of the insurer’s notice and detail the reasons for the insurer’s action or intended action if not stated in the insurer’s notice. The Seller/Servicer must also report its effort to obtain replacement coverage or otherwise satisfy Freddie Mac’s insurance requirements.

Source: Freddie Mac Single-Family Seller/Servicer Guide 2101.9 — Seller/Servicer insurance reporting requirements · source URL · snapshot 4c94f67729042dd6