Freddie Mac Single-Family Seller/Servicer Guide Section 5101.2 — Loan Product Advisor® Risk Class
Freddie Mac Single-Family Seller/Servicer Guide Section 5101.2 — Loan Product Advisor® Risk Class.
Verbatim regulatory text
Verbatim provisions from Freddie Mac Single-Family Seller/Servicer Guide Section 5101.2 — Loan Product Advisor® Risk Class — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.
Freddie Mac Single-Family Seller/Servicer Guide Section 5101.2 — Loan Product Advisor® Risk Class
5101.2: Loan Product Advisor® Risk Class (02/04/26) This section contains requirements related to: ■ Accept Mortgages ■ Caution Mortgages The Risk Class on the Last Feedback Certificate establishes the extent of underwriting required. Based on its analysis of the data, Loan Product Advisor® will return a Risk Class of Accept or Caution. (a) Accept Mortgages An Accept Mortgage is a Loan Product Advisor Mortgage that receives a Risk Class of Accept. For Mortgages with a Risk Class of Accept on the Last Feedback Certificate, the Seller is eligible for relief from representations and warranties for creditworthiness and layering of risk when all of the requirements below are met: ■ The Mortgage and the Seller comply with all requirements of the Purchase Documents, including Section 4201.10 related to no circumstances adversely affecting value of Mortgage and this Chapter 5101 ■ The Last Feedback Certificate matches the terms of the transaction delivered to Freddie Mac, except as stated in Section 5101.3(b) and Chapter 4602 for Construction to Permanent Mortgages and Renovation Mortgages when resubmission to Loan Product Advisor is not required Freddie Mac Single-Family Seller/Servicer Guide Chapter 5101 As of 02/04/26 Page 5101-5 ■ The property address returned on the Last Feedback Certificate is the address of the Mortgaged Premises ■ The Mortgage is not a Seller-Owned Modified Mortgage, unless the Seller-Owned Modified Mortgage is a Home Possible® Accept Mortgage ■ The Mortgage is not a Seller-Owned Converted Mortgage (b) Caution Mortgages A Caution Mortgage is a Loan Product Advisor Mortgage that receives a Risk Class of Caution. For Mortgages with a Risk Class of Caution reflected on the Last Feedback Certificate to be eligible for sale to Freddie Mac, the Seller must: ■ Manually underwrite the Mortgage in accordance Section 5102.2(b), and ■ Deliver the Mortgage as a Caution Mortgage with the Key Number in accordance with Section 6302.10