Freddie Mac Single-Family Seller/Servicer Guide 5603.5 — Property Data Collector Independence Requirements and Seller engagement of property data collectors
Freddie Mac Single-Family Seller/Servicer Guide section 5603.5 — Property Data Collector Independence Requirements and Seller engagement of property data collectors. Full verbatim section text, substring-verified against snapshot b2a8502812eeb077.
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Verbatim provisions from Freddie Mac Single-Family Seller/Servicer Guide 5603.5 — Property Data Collector Independence Requirements and Seller engagement of property data collectors — 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 5603.5 — Property Data Collector Independence Requirements and Seller engagement of property data collectors
Requirements and Seller engagement of property data collectors (11/06/24) This section contains requirements related to: ■ Seller responsibilities ■ Separation of functions (a) Seller responsibilities The Seller is responsible for: ■ Complying with the Property Data Collector Independence Requirements ■ Selecting the property data collector ■ Complying with the Uniform Property Dataset Freddie Mac does not select or approve individual property data collectors or property data collector management companies. The Seller, or a third party authorized by the Seller, is responsible for approving and selecting the property data collector. The Seller represents and warrants that the property data collection complies with Exhibit 42, Property Data Collector Independence Requirements, applicable laws and Freddie Mac requirements. (b) Separation of functions The Seller must maintain separation between its sales and Mortgage production functions and its property data collection functions.
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Source of record: https://claudeforcompliance.com/regs/fhlmc-5603-5/
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