Freddie Mac Single-Family Seller/Servicer Guide 6203.3 — Purchase and settlement requirements for

Freddie Mac Single-Family Seller/Servicer Guide 6203.3 — Purchase and settlement requirements for

Mortgages sold through Loan Selling Advisor® under the fixed-rate Guarantor program (12/17/25) This section contains requirements related to: ■ Purchase requirements for Mortgages sold through Loan Selling Advisor® under the fixedrate Guarantor program ■ Providing data for Mortgages sold through Loan Selling Advisor under the fixed-rate Guarantor program ■ Wire transfer instructions/delivery of UMBS® and MBS for Mortgages sold through Loan Selling Advisor under the fixed-rate Guarantor program (a) Purchase requirements for Mortgages sold through Loan Selling Advisor under the fixed-rate Guarantor program Freddie Mac will purchase eligible fixed-rate Mortgages that meet the requirements of the Purchase Documents under the fixed-rate Guarantor program. The eligible Mortgages must have a Note Rate at least equal to the requested Coupon plus the following: ■ The Credit Fee in Yield (as adjusted for buyup or buydown), and ■ Minimum Contract Servicing Spread Note: For Mortgages with annual or monthly premium lender-paid mortgage insurance, the Minimum Contract Servicing Spread must be at least 0.250%, include the amount necessary to pay the lender-paid mortgage insurance premium when due, and not exceed 0.500%. Nothing herein affects the provisions set forth in: ■ Chapter 6201 related to the Guarantor and MultiLender Swap programs ■ Chapter 6202 related to Swap disclosure and pooling requirements (b) Providing data for Mortgages sold through Loan Selling Advisor under the fixed-rate Guarantor program The Seller must provide the data for all Mortgages sold under the Guarantor program by: ■ Importing the required data into Loan Selling Advisor, or ■ Importing the relevant Loan Product Advisor® loan data, based on the Key Number, into Loan Selling Advisor, or ■ Manually entering the loan data for each Mortgage into Loan Selling Advisor The Seller must then allocate those Mortgages to a Fixed-Rate Guarantor Contract. Loan Selling Advisor will automatically assign Freddie Mac loan numbers to Mortgages sold under the fixed-rate Guarantor program. (c) Wire transfer instructions/delivery of UMBS® and MBS for Mortgages sold through Loan Selling Advisor under the fixed-rate Guarantor program The Seller must assign and manage their wire instructions for Mortgages sold under the fixed-rate Guarantor program through Loan Selling Advisor as required by Section 6201.3(b). (i) Employees authorized to provide wire instructions Pursuant to Section 2403.2(b), the Seller must provide information to Freddie Mac regarding authorized Loan Selling Advisor users and their designated user roles. Any employee or employees designated to perform the Setup Manager Role on the Seller’s behalf must be designated by the Seller as one of the employees authorized to provide Freddie Mac with instructions (or modify instructions) to transfer funds or securities on the Seller’s behalf in connection with the sale of Mortgages to Freddie Mac. This designation must be documented using the following forms, as applicable: ■ Form 988SF, Certificate of Incumbency for a Bank, Savings Bank, Savings and Loan Association, Credit Union, Corporation or Limited Liability Company, or ■ Form 989SF, Certificate of Incumbency for Limited Partnerships See Section 2201.1 for additional information regarding certificate of incumbency requirements. (ii) Timing for completion of wiring instructions In order for the Fixed-Rate Guarantor Contract to enter the Settlement Cycle, wiring instructions must be completed in Loan Selling Advisor no later than 8:00 p.m. Eastern time on the Final Delivery Date. If changes need to be made to the wire instructions, the Seller must provide the revised wire transfer instructions in Loan Selling Advisor no later than 8:00 p.m. Eastern time on the last Business Day before the Settlement Date. (iii)Additional Warehouse Lender requirement to submit Form 996E, Warehouse Provider Release and Transfer In addition to the completion of wiring instructions, if Pledged Mortgages are allocated to a contract, the Warehouse Lender must submit Form 996E through Loan Selling Advisor by no later than 8:00 p.m. Eastern time on the Final Delivery Date. However, the Seller may revise and resubmit Form 996E by 12:30 p.m. Eastern time the last Business Day before the Settlement Date if the wire instructions change.

Source: Freddie Mac Single-Family Seller/Servicer Guide 6203.3 — Purchase and settlement requirements for · source URL · snapshot 4c94f67729042dd6