Freddie Mac Single-Family Seller/Servicer Guide 6302.4 — MultiLender Swap program delivery instructions

Freddie Mac Single-Family Seller/Servicer Guide 6302.4 — MultiLender Swap program delivery instructions

Effective 2026-08-12 · Freddie Mac's stamp for this section

■ General requirements ■ Purchase tolerance ■ Data delivery instructions ■ Minimum commitment amount ■ Security wire instructions ■ Use of a Settlement Cycle of less than five days for MultiLender Swap program (a) General requirements For Mortgages sold under the MultiLender Swap program, a contract number (ULDD Data Point “Investor Contract Identifier”) will be made available to the Seller immediately upon taking out a MultiLender Swap Contract. For more information, see Chapter 6205. The Seller must complete delivery of all Mortgages on or before the Final Delivery Date as provided in the MultiLender Swap Contract. The Contract Commitment Amount specified in the MultiLender Swap Contract must be in an amount at least equal to the minimum commitment amount specified in Section 6302.4(d). (b) Purchase tolerance For MultiLender Swap Contracts, any part of the Contract Commitment Amount specified in the MultiLender Swap Contract may be delivered, provided the minimum commitment amount is met. The maximum amount that Freddie Mac will purchase is the Contract Commitment Amount specified in the MultiLender Swap Contract, plus the greater of $100,000 or 5% of the Contract Commitment Amount. The Seller can increase a MultiLender Swap Contract amount up to an amount that does not exceed the remaining balance of the Commitment Amount plus the applicable tolerance. (c) Data delivery instructions (i) Mortgages sold under MultiLender Swap For Mortgages purchased by Freddie Mac under the MultiLender Swap program, the Seller must deliver the following ULDD Data Point: Data Required for Mortgages Sold under MultiLender Swap Sort ID ULDD Data Point Valid Value Notes LOAN – Current → Payment Details 385 Loan Acquisition Scheduled UPB Amount The scheduled UPB must include reductions for: ■ The principal due in the month of settlement (even if not collected) and all prior months ■ The principal portion of any advanced (prepaid) installments received prior to the Settlement Date ■ Any partial prepayments (curtailments) received on or before the Delivery Date 440 Last Paid Installment Due Date For newly originated Mortgages, enter the date through which interest is scheduled to be paid. For Mortgages for which there has been an advanced (prepaid) installment of interest, enter the date through which advanced (prepaid) installments of interest have been made. Data Required for Mortgages Sold under MultiLender Swap Sort ID ULDD Data Point Valid Value Notes The related Glossary term is DDLPI. (ii) Mortgages with lender crediting Borrower interest at closing If a lender credits the Borrower interest at closing in an amount equal to the interest due from the first day of the month through the day before the Note Date, the Borrower’s first monthly principal and interest payment is due the first day of the month immediately following the Mortgage closing. For such Mortgages, the Seller represents and warrants that the lender credited the Borrower with interest at closing, and the Seller must deliver the following ULDD Data Point: Data Required for Mortgages Sold under MultiLender Swap program when Lender Credits Borrower Interest at Closing Sort ID ULDD Data Point Valid Value Notes LOAN – Current → Payment Details 440 Last Paid Installment Due Date For fixed-rate Mortgages, enter the Note Date or first day of the month of closing. The related Glossary term is DDLPI. (d) Minimum commitment amount The minimum dollar amount for a commitment entered into under the MultiLender Swap program is $1,000. (e) Security wire instructions Security wire instructions are required for all MultiLender pools. See Section 2201.1 for information regarding Certificate of Incumbency requirements. See Section 6205.3(c) for information about security wire instructions. See also Section 2403.2(b) for information regarding authorized Loan Selling Advisor® users and their designated user roles and completion and submission of required forms. (f) Use of a Settlement Cycle of less than five days for MultiLender Swap program For Mortgages delivered to Freddie Mac with a Settlement Cycle of less than five days, the Document Custodian must certify the Mortgages in Loan Selling Advisor by no later than 8:00 p.m. Eastern time on the Final Delivery Date to satisfy the requirements for completion of delivery set forth in Section 6301.4(a). Refer to Section 6301.4(a)(ii) for additional requirements.

Source: Freddie Mac Single-Family Seller/Servicer Guide 6302.4 — MultiLender Swap program delivery instructions · source URL · snapshot 4c94f67729042dd6