Effective Monday, March 25, several enhancements will be made in Loan Selling Advisor® for our cash Sellers Automatically Price Fixed-Rate Cash Loans at Allocation
Sellers that sell for cash, either under the Servicing Retained or Concurrent Transfer of Servicing (CTOS) (Co-Issue XChangeSM) servicing options, will no longer have to manually price fixed-rate cash loans against the contract. Loan Selling Advisor will automatically do it for you after allocating loans to the contract or modifying allocated loans. Cash-Released XChange Servicing Released Premiums Disclosed on Cash Price Sheet As a follow up to the January 28 release which provided better visibility of the Servicing Released Premiums (SRPs), as of March 25 Sellers will also see the SRP as a separate component when requesting a Freddie Mac Price Sheet. This is part of our overarching effort to provide more granular pricing information needed to help Sellers assess their best execution. New Fields Offer More Precise Pricing for Cash-Released XChange Clients As a reminder, four new optional fields will be available under “Additional Servicing Released Information” to offer you more precise pricing as of March 25. See the News Center article for details. For More Information
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