Freddie Mac Single-Family Seller/Servicer Guide 4101.1 — The Mortgage application

Freddie Mac Single-Family Seller/Servicer Guide 4101.1 — The Mortgage application

Effective 2025-12-17 · Freddie Mac's stamp for this section

This section contains requirements related to: ■ Required use of Form 65, Uniform Residential Loan Application ■ Completion instructions (a) Required use of Form 65 Form 65 must be used for all Mortgage applications. The Seller is required to use the version of Form 65 that is current as of the loan application date. (See Exhibit 4A, Single-Family Uniform Instruments.) Seller may make changes to the style and formatting of Form 65 and its components – Borrower Information, Additional Borrower, Continuation Sheet, Lender Loan Information and the Unmarried Addendum, if applicable, in accordance with the UMDP Rendering Options for the Uniform Residential Loan Application, Document revised 1/2020 (the “Rendering Options”). However, the fields names, descriptions and order of sections may not be altered in any way. Form fields within a section may be moved within that section if additional field length is needed. Any adjustments made to the format of the form must be made pursuant to all applicable law. Translation aids for Form 65 and its components are available on Freddie Mac’s Multilanguage Resources for Lenders and Other Housing Professionals webpage. These translation aids complement the applicable English-language documents and may be provided to consumers as supplemental education material when originating single-family residential Mortgages. The translation aids are for reference only and are not to be executed. (b) Completion instructions A completed Form 65 is used to begin the process of determining the Borrower’s credit reputation and capacity to repay the Mortgage. If a residential mortgage credit report (RMCR) is ordered, the information on Form 65 must be provided to the consumer reporting agency that is to issue the RMCR. The Seller may elect to complete the liabilities portion of the application directly from the credit reports either manually or through an automated process. If the credit reports identify fewer than three open Tradelines (except for Accept Mortgages), the Seller should ask the Borrower if any additional Tradeline references exist (see Section 5202.1(a) for requirements relating to establishing Borrower credit reputation for Manually Underwritten Mortgages) The final Form 65 must reflect accurate and complete information as of the Note Date. All of the Borrower’s debts incurred through the Note Date must be included on the final Form 65 and must be considered in the calculation of the Borrower’s monthly debt payment-to-income ratio (see Section 5401.2). The final Form 65 must be complete, legible, dated and signed by the Borrowers signing the Note. Information on the initial application must be entered as originally provided by the Borrower and/or, if applicable, as listed on the credit reports, whether handwritten or typed. The information given by the Borrowers on the application must be consistent with both the identifying information in the credit reports as well as with the verifications in the Mortgage file. For any Mortgage in which there is a material discrepancy, the Seller must prepare a written statement explaining the discrepancy. Freddie Mac agrees that the Seller may receive an initial Form 65 from a Borrower as an Electronic Record (as defined in Section 1401.1(b)) or fax copy. The Freddie Mac Form 65 contains language in the Acknowledgements and Agreements Section in the Borrower Information component that permits the Borrower to: ■ Physically sign a paper Form 65 with pen and ink and deliver a fax copy of the signed Form 65 to the Seller via facsimile transmission or ■ Electronically sign an electronic Form 65 using an Electronic Signature (as defined in Section 1401.1(b)) and deliver the electronic Form 65 to the Seller as an Electronic Record via the internet or other form of electronic transmission The Seller represents and warrants that any Form 65 received from a Borrower as an Electronic Record or fax copy has been duly signed by the Borrower and complies with the federal Electronic Signatures in Global and National Commerce Act (“E-Sign”) and all other applicable State and federal laws and regulations, including, without limitation, all State and federal consumer disclosure laws and regulations. The Seller agrees that the Form 65 received from a Borrower as an Electronic Record or fax copy are subject to the representations, warranties, covenants, agreements and requirements contained in Section 1401.3(b) or Section 1401.3(c), as applicable. The final loan application must be either physically signed by the Borrower using a pen or signed electronically using an Electronic Signature that meets the requirements in Chapter 1401. The Seller may maintain copies of the initial and/or final signed paper Form 65 in accordance with the requirements of Section 3302.1(b).

Source: Freddie Mac Single-Family Seller/Servicer Guide 4101.1 — The Mortgage application · source URL · snapshot 4c94f67729042dd6