Freddie Mac Single-Family Seller/Servicer Guide 8302.3 — Investor reporting and remitting

This section contains requirements related to: ■ Transmitting and receiving investor accounting information ■ Pre-purchase activity ■ When Freddie Mac purchases a Mortgage ■ Setting up a Mortgage record ■ Purchase adjustments ■ Reporting and remitting on a newly funded Mortgage

(a) Transmitting and receiving investor accounting information Freddie Mac requires the Servicer to submit all reports to Freddie Mac via one of Freddie Mac’s automated systems. The Servicer’s portfolio size and available technology will help determine which system or combination of systems the Servicer will need. Below are the methods the Servicer may use to transmit loan-level data to Freddie Mac or to receive certain information from Freddie Mac: Methods available to transmit loan-level data to Freddie Mac Activity Media Transmit loan-level activity to Freddie Mac ■ Loan Level Reporting and Resolve® (available through Freddie Mac Gateway) (see Exhibit 88, Servicing Tools) ■ Internet-based transmission (GCS) ■ Other Freddie Mac-approved reporting method Receive transmission confirmations from Freddie Mac ■ Loan Level Reporting and Resolve ■ Internet-based transmission (GCS) Receive reports and communications from Freddie Mac ■ Loan Level Reporting and Resolve Receive purchase statements and funding detail reports ■ Loan Selling Advisor® Freddie Mac provides the Investor Reporting EDI Implementation Guide as an additional resource related to investor accounting. The Servicer may also visit Freddie Mac Learning at https://sf.freddiemac.com/toolslearning/freddie-mac-learning/overview to access training resources or call Customer Service at 800-FREDDIE.

(b) Pre-purchase activity Refer to the following chapters for Freddie Mac’s Mortgage processing and purchase requirements: Freddie Mac’s Mortgage processing and purchase requirements Guide topic Guide location Fixed-rate Cash ARM Cash Documentation delivery Mortgage delivery instructions

(c) When Freddie Mac purchases a Mortgage (i) Purchase of a Mortgage When Freddie Mac purchases a Mortgage, it will: 1. Make the following forms and data available via Loan Selling Advisor: ■ Form 15/A/C, Loan Purchase Statement ■ Funding Detail Report 2. Wire the Purchase Proceeds to the Seller for a cash Purchase Contract or issue a security (UMBS, MBS or WAC ARM PC) for Guarantor or MultiLender Swap programs (ii) Loan Purchase Statement Upon purchase, Freddie Mac will make available in Loan Selling Advisor Form 15/A/C, which will summarize the pertinent data. Form 15/A/C will include a computation of the amount to be funded to the Seller. Depending on the type of purchase, the Seller may access one of the following forms in Loan Selling Advisor: 1. Loan Purchase Statement for Cash Sales 2. Form 15A for fixed-rate Guarantor 3. Form 15C for WAC ARM Guarantor (iii) Funding Detail Report Freddie Mac will make available to the Seller/Servicer a Funding Detail Report via Loan Selling Advisor when Freddie Mac purchases a Mortgage or when the Servicer assumes the Servicing Contract and related Servicing Contract Rights related to one or more of Freddie Mac’s Mortgages through a Concurrent Transfer of Servicing. (See Chapter 7101 for information on Transfers of Servicing.) The Funding Detail Report contains all of the information the Servicer needs to set up and report a Mortgage (see Section 8302.3(d)). (iv) Wiring the Purchase Proceeds or issuing a UMBS, MBS, WAC or ARM PC Freddie Mac will notify the Seller of Freddie Mac’s purchase and initiate a wire transfer to credit the Seller’s account on the Funding Date for Cash Purchase programs. See Section 2201.2 for additional information regarding establishing and maintaining wire transfer instructions for cash proceeds. For Guarantor or certain MultiLender Swaps, Freddie Mac will issue a UMBS, MBS or WAC ARM PC; for other MultiLender Swaps, Freddie Mac will issue a Super (see Section 6201.1 for more information). The Seller is responsible for verifying the receipt of funds. If the Seller finds that the wired funds are not credited to the account by the morning of the next Business Day, the Seller must contact Customer Service at 800-FREDDIE. The Servicer must not use the Freddie Mac Custodial Account to receive sales proceeds for Mortgages sold to Freddie Mac.

(d) Setting up a Mortgage record The Seller/Servicer may access Form 15/A/C and the Funding Detail Report through Loan Selling Advisor. (Call Customer Service at 800-FREDDIE to request access to Loan Selling Advisor for this purpose.) The Servicer must verify the data on the Funding Detail Report to the Note, Mortgage record and Purchase Documents and take the following actions for each newly funded Mortgage, including those related to a Concurrent Transfer of Servicing. For Subsequent Transfers of Servicing, the Transferor Servicer must supply the loan-level data to the Transferee Servicer. Upon Freddie Mac’s purchase, prompt identification of the accounting records for Mortgages sold to Freddie Mac is essential for accurate reporting and remitting. The Servicer must: 1. Identify on its Servicing system Mortgages in which Freddie Mac has an ownership interest 2. Deposit any principal and interest and Escrow Funds to the Custodial Accounts 3. Maintain the Mortgage files in accordance with the requirements of Section 8101.4(c) and Chapter 3302 Note: The Freddie Mac Loan Level Reporting tool (see Exhibit 88, Servicing Tools) imports Mortgage files daily. If a Mortgage record is missing from the Freddie Mac Service Loans application, the Servicer should contact its investor reporting specialist or call Customer Service at 800-FREDDIE for assistance in setting up the Mortgage record.

(e) Purchase adjustments When the information on the Funding Detail Report does not match the information on the Note or the Seller’s loan record, the Seller may request an adjustment to the amount Freddie Mac disbursed to purchase the Mortgage. The Seller must notify Freddie Mac in writing and include supporting documentation. In most circumstances Freddie Mac will not adjust purchase balances after the Funding Date because Freddie Mac has pooled the Mortgages for resale as UMBS, MBS or WAC ARM PC. However, after Freddie Mac settles and before it pools the Mortgages, Freddie Mac may be able to adjust a purchase balance.

(f) Reporting and remitting on a newly funded Mortgage The Mortgage balance and the timing of the Funding Date determine when the Servicer must report for the first time on a newly funded Mortgage. The Servicer must report on the newly funded Mortgage according to its Purchase Documents. When Freddie Mac purchases a Mortgage, Freddie Mac will pay the Seller interest on the funded principal balance at the net yield from the first of the month up to the Funding Date. The Servicer must ensure that it properly funds its Principal and Interest Custodial Account for this interest. The following table summarizes when the Servicer must report to Freddie Mac: When the Servicer must report to Freddie Mac IF the Funding Date is... AND the balance at the end of the Accounting Cycle... THEN Freddie Mac’s reporting requirements are... AND Freddie Mac’s draft requirements are... In the current Accounting Cycle Is not different from the funded balance Report the forecasted scheduled interest for the next Accounting Cycle No funds are due. The forecasted scheduled interest will be drafted on the P&I Draft Date in the next Accounting Cycle. Is different from the funded balance The Servicer must report principal and forecasted scheduled interest based on the Ending UPB If reported before the P&I Determination Date, Freddie Mac will draft its share of the reported principal and zero interest on the P&I Draft Date in the current Accounting Cycle. If reported after the P&I Determination Date, Freddie Mac will draft its share of the reported principal and forecasted scheduled interest on the P&I Draft Date in the next Accounting Cycle.