Freddie Mac Single-Family Seller/Servicer Guide 5302.6 — Automated employment assessment with Loan Product Advisor®

(e) Data submission requirements, representation and warranty relief eligibility and documentation requirements (i) Data submission requirements For Mortgages with an automated employment assessment using Loan Product Advisor, the Seller must: ■ Submit the most current account data or employed income data to Loan Product Advisor ■ Investigate and resolve any inconsistent or contradictory information between the verification report, information contained in Form 65, Uniform Residential Loan Application (including the Borrower’s income and employment representations), and the Mortgage file and, if applicable, resubmit the correct information to Loan Product Advisor ■ Resubmit the data to Loan Product Advisor if an updated verification report or paystub(s) is obtained after the initial submission

(A) Automated employment assessment with Loan Product Advisor using account data For Mortgages that are eligible for automated employment assessment with Loan Product Advisor using account data, the Seller must confirm: ■ Each account on the verification report is owned by at least one Borrower ■ The payor(s) is the Borrower’s current employer by using the information in the Mortgage file

(B) Automated employment assessment with Loan Product Advisor using employed income data For Mortgages that are eligible for automated employment assessment with Loan Product Advisor using employed income data, the following requirements must be met: ■ The Seller must confirm that the information on the verification report or paystub(s) and W-2 form(s) is for the correct Borrower and employer ■ When a verification report is obtained, the method used to produce the verification report must be an automated process where the employed income data is accessed directly from an electronic database of employer-provided income information. The employed income data on the verification report cannot be obtained from a written, verbal or email verification of income performed by the service provider.

(C) Automated employment assessment with Freddie Mac’s application programming interface (API) For Mortgages not submitted or resubmitted to Loan Product Advisor, the Freddie Mac API can be used to meet the 10-day pre-closing employment verification requirements as described in Section 5302.3. Such Mortgages are not eligible for relief of representations and warranties related to the Borrower’s employment. To obtain the API report, the Seller must: ■ Submit the Borrower’s account data or employed income data to the API ■ Close by the close-by date reflected in messaging on either the “AIM Employment API Assessment” or the “AIM Account Data API Assessment” ■ Maintain the “AIM Employment API Assessment” or the “AIM Account Data API Assessment”, as applicable, in the Mortgage file (ii) Representation and warranty relief results on Feedback Certificate If multiple Loan Product Advisor submissions are made, the Seller’s eligibility for representation and warranty relief will be based on the results on the Last Feedback Certificate. When employment representation and warranty eligibility results are provided on the Last Feedback Certificate, the representation and warranty relief available is described in the following table: Employment representation and warranty relief based on Feedback Certificate results Eligibility result Representation and warranty relief Eligible The Seller is relieved from enforcement of the following representations and warranties: 1. Borrower’s current employment through the close-by-date on the Feedback Certificate. The Note Date of the Mortgage must be on or before the close-by-date reflected in the Last Feedback Certificate for the 10-day pre-closing verification (10-day PCV) requirement to be met. Note: The close-by-date reflected on the Feedback Certificate may differ from the requirements for the 10-day PCV types described in Section 5302.2(d). 2. Accuracy and integrity of the data represented on the verification report Note: The Seller is not relieved from the representations and warranties related to the accuracy and integrity of the data when obtained from the Borrower’s paystub(s). Not eligible The Seller is not eligible for relief from enforcement of representation and warranties related to the Borrower’s employment. Unavailable The Seller is not eligible for relief from enforcement of representation and warranties related to the Borrower’s employment. (iii) Documentation requirements based on representation and warranty relief result on Feedback Certificate When employment representation and warranty relief eligibility results are provided on the Last Feedback Certificate, the documentation requirements are described in the following table: Documentation requirements based on representation and warranty relief result on Feedback Certificate Eligibility result Employment documentation requirements Eligible The verification report and paystub(s), as applicable, must be maintained in the Mortgage file. Paystub documentation must meet the requirements of Section 5302.2. If the Note Date of the Mortgage is not on or before the close-by date on the Last Feedback Certificate, the Seller must resubmit to Loan Product Advisor to obtain a new close-by date or meet the requirements described above in Section 5302.6(e)(i)(C). Not eligible The employment must be verified and documented as required by the Guide. Unavailable The employment must be verified and documented as required by the Guide.