Freddie Mac Single-Family Seller/Servicer Guide 8203.6 — Directing MI disclosure of Mortgage information to Freddie Mac and reconciliation
Freddie Mac Single-Family Seller/Servicer Guide section 8203.6 — Directing MI disclosure of Mortgage information to Freddie Mac and reconciliation. Full verbatim section text, substring-verified against snapshot 5869ee9e606cd4ae.
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Verbatim provisions from Freddie Mac Single-Family Seller/Servicer Guide 8203.6 — Directing MI disclosure of Mortgage information to Freddie Mac and reconciliation — 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 8203.6 — Directing MI disclosure of Mortgage information to Freddie Mac and reconciliation
This section contains requirements related to: ■ Disclosure of MI Mortgage information ■ Reconciliation of MI Mortgage information (a) Disclosure of MI Mortgage information The Seller/Servicer must instruct, in writing, any MI providing current or prospective coverage for Freddie Mac Mortgages in accordance with Section 4701.1 to disclose to Freddie Mac (upon Freddie Mac’s request) any and all information, data and materials pertaining to any Freddie Mac Mortgage sold to and/or serviced for Freddie Mac by the Seller/Servicer. The Seller/Servicer must continue to meet its obligations under the Purchase Documents to provide Freddie Mac information regarding Freddie Mac Mortgages regardless of whether the MI has provided, or may provide, required information and/or materials to Freddie Mac. (b) Reconciliation of MI Mortgage information Periodically, Freddie Mac will reconcile mortgage insurance information provided by an MI with the mortgage insurance ULDD Data Points (see Section 6302.21) provided when loans are delivered to Freddie Mac. If discrepancies are identified, Freddie Mac will post data files containing the selected loans and mortgage insurance ULDD Data Points to the Total MI Reconciliation tool. (See Exhibit 88, Servicing Tools.) Within 10 Business Days of notification, Servicers must access the data files and provide updated information through the Total MI Reconciliation user interface in Freddie Mac Gateway or the Total MI Reconciliation application programming interface. If the Servicer does not provide updated information within 10 Business Days, the selected loans may be referred to Servicing Remedy Management for review. Note: Servicers should refer to Exhibit 10, Freddie Mac-Approved Mortgage Insurers, for the number of digits in each MI’s certificate number.
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Source of record: https://claudeforcompliance.com/regs/fhlmc-8203-6/
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