![]() If you have questions regarding individual license information, please contact Elizabeth Spencer.ĬLA (CliftonLarsonAllen LLP), an independent legal entity, is a network member of CLA Global, an international organization of independent accounting and advisory firms. The North Carolina certificate number is 26858. The Minnesota certificate number is 00963. A scheme or pattern of a) more than 25 mortgages sold to, or serviced for, Freddie Mac or b) with an aggregate unpaid principal balance of at least $2.5 million.ĬliftonLarsonAllen is a Minnesota LLP, with more than 120 locations across the United States.A seller/servicer is notified by law enforcement or another governmental authority that such authority is conducting an investigation or prosecution of fraud relating to mortgages owned, or serviced for, Freddie Mac.A substantial likelihood that the fraud or possible fraud will receive significant public exposure or publicity.Theft of custodial funds, lack of collateral, non-remittance of pay-off funds or multiple deliveries of the same mortgage.Freddie Mac must receive immediate notification for any of the following circumstances: The seller/servicer must report the information either by submitting Freddie Mac’s Mortgage Fraud Reporting Form-Origination or Freddie Mac’s Mortgage Fraud Reporting Form-Servicing. Seller/servicers must report the information identified in Section 57.3(a) to Freddie Mac in writing within 30 days. Termination or denial of mortgage insurance based on fraud. ![]() A person or entity on the Freddie Mac Exclusionary List is involved or was involved in the origination, sale or servicing of the mortgage or in the related real estate transactions in violation of Section 2.24.Theft of custodial funds or non-remitted payoff funds.Multiple deliveries of the same mortgage.Misrepresentation, misstatement or omission of any other information related to a mortgage or related real estate transaction, including but not limited to, undisclosed seller or other third-party incentives, loan performance, mortgage purpose, kickbacks, an undisclosed relationship between parties to the transaction when Freddie Mac requires that the transaction is an “arm’s length” transaction.Misrepresentation, misstatement or omission related to the mortgage premises including but not limited to property valuation, property value and property use.Misrepresentation, misstatement or omission related to the borrower, including but not limited to employment, identification, income, assets, sources of funds, indebtedness and property occupancy.Specifically, a seller/servicer must report to Freddie Mac when the seller/servicer has a reasonable belief that one of the following is occurring or has occurred during origination or servicing of a mortgage, including, but not limited to, any loss mitigation activity: Seller/servicers must have procedures for reporting fraud or possible fraud in connection with a mortgage sold to, or serviced for, Freddie Mac and discovered at any time, including, but not limited to, during origination, quality control reviews, servicing activities, or loss mitigation.
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