In This Edition
 
 
 
 
 
 
 
News and Insights
 
 
 
 
In a volatile market, how do you move loans through the origination process faster? One lender used LPA to edge out the competition, reducing cycle times by 15 days on average while improving the borrower experience. Read their story.
 
 
 
The Next Wave of Homeowner Education

Housing professionals have united to provide solutions for COVID-19 hardships – including forbearance. Read this HousingWire article.
 
Keynotes Announced! Shark Tank and More

Get inspired by the FreddieMacCONNECT speaker lineup − including housing expert Ivy Zelman and Shark Tank’s Barbara Corcoran. Meet the speakers.
 
 
 
 
Thought Leadership
 
Borrower Help Centers' Role During Crisis
How have two Borrower Help Centers taken a frontline role in helping those in crisis mitigate the impact of COVID-19? Hear their stories.
 
 
 
 
Community Land Trust Conversations Loans 
A new conversation guide helps you speak with your clients about our CLT mortgage offering. Check it out.
 
 
 
 
Key Elements of Modern Financial Education
Many first-time homebuyers lack financial literacy when considering a home. Financial education can help. But what should it look like?
 
 
 
 
 
 
Products and Services
 
 
 
All Your Resources in One Place
Get policy changes, Guide bulletins, tools and technology status and critical information – consolidated for easy access on the new Client Resource Center.
 
 
 
Disaster Relief Servicing Policies 
New and enhanced servicing solutions can better assist you and your borrowers when disaster strikes. Watch the short video.
 
Home Possible RISE AwardsSM Winners
Who leads in educating the market about − and serving prospective homebuyers with − Home Possible®See this year’s winners.
 
Work Faster in Servicing Gateway
Updates include Seller/Servicer Guide integration, bookmarking and enhancements to tools like Loan Level Reporting. Learn more.
 
 
 
 
Tools and Technology
 
 
 
Loan Collateral Advisor®: Feedback Severity Indicator

Reminder, Loan Collateral Advisor and UCDP message ID 4699 has been changed to a “fatal” severity indicator.
 
 
 
 
 
Loan Product Advisor®: What’s New

Enhancements that help you work more efficiently include the redesigned URLA. Check out what’s new and updated LPA FAQs.
 
 
Quality Control Advisor®: Component-based Reviews

We’ve added component-based reviews into Loan File Management and Remedy Management. Learn more.
 
 
 
 
 
URLA: Updated FAQs

On August 25, the GSEs updated the Uniform Residential Loan Application (URLA) FAQs to include questions related to the limited production period.
 
 
 
UCD: Critical Edits Transition

Beginning in May 2021, the GSEs will transition certain edits from “warning” to “critical/fatal” in their Uniform Closing Dataset (UCD) collection solutions. Read the joint announcement.
 
 
 
 
 
 
Learning and Events
 
 
 
Freddie Mac Learning: Updated web pages. Take the tour here. And check out the regularly updated calendar.
 
 
 
 
Manufactured Homes Appraisals Training: Share with appraisers in your network.
 
New Loan Product Advisor Training: New webinars are now availale to help you prepare for the enhanced Loan Product Advisor and the redesigned URLA. Register today.
 
 
 
 
 
 
 
Industry/Policy Updates
 
 
 
  • UCount is replacing Forms 16SF and 1107SF. Learn more.
  • Take out 30-day average SOFR cash contracts beginning November 9 instead of November 16. Learn more. And see the LIBOR/SOFR timeline here.
  • Get our latest Market and Industry Insight report.
  • Find all recent Single-Family Seller/Servicer Guide Bulletins here.
  • See COVID-19 selling-related FAQs and the continuously updated COVID-19 Resources web page.
 
 
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