Freddie Mac: Changes to Investor Reporting

Similar to the processing changes implemented in February 2017 for Fannie Mae, we have coded and are almost done with testing the required processing changes for Freddie Mac that will be effective with the May 2019 reporting cycle.  For those credit unions who offer Freddie Mac loans, here is a highlight of the changes:

  • Moving to an industry standard monthly investor reporting cycle beginning the first of the month.
  • Allowing for daily loan-level reporting and editing.
  • Adopting a single common remittance due date for principal and interest on all loans (excluding payoffs).
  • Drafting funds due from the CU directly on the remittance due date.

More information is available on the Freddie Mac site.

The chef for this recipe is Karen Sorensen.

Updated
January 11, 2019

Have you checked out the NCUA’s proposed 5300 Call Report changes?

Have you checked out the NCUA’s proposed 5300 Call Report changes?

Have you checked out the NCUA’s proposed 5300 Call Report changes yet?  The changes are targeted for March 2019, and the NCUA wants your feedback! The overall theme is modernization and simplification in order to reduce the reporting burden for credit unions.  Check out the 5300 Call Report Tools kitchen page for a highlight of… Read more »

Feb 15, 2018

Coffee, tea, and a mobile app for FREE?

ATTENTION ONLINE AND SELF-PROCESSING CREDIT UNIONS: Introducing the FREE It’s Me 247 Mobile App Available for both Apple and Android operating systems, this hybrid mobile app is ready for your credit union customization! Join Kristian Daniel from CU*Answers’ Internet Retailer Support Center as he details how to get started with your FREE It’s Me 247 mobile… Read more »

Feb 1, 2016

Are Bill Pay Conversion Timelines a Consideration for Your Business Plan?

ATTENTION ONLINE AND SELF-PROCESSING CLIENTS USING BILL PAY As you begin to build your credit union’s 2016 Business Plan, don’t forget to keep the following bill pay conversion dates on your radar. Integration Option When More Details Will be Available When We’ll Be Ready to Start Scheduling Conversion Dates Contact Payveris via CU*Answers (VAR Integration) June-July 2015… Read more »

Sep 9, 2015

The New Future of Bill Payment Integrations

ATTENTION ONLINE AND SELF-PROCESSING CREDIT UNIONS Announcing a new future for bill pay vendor partnerships! This week, a letter was mailed to the CEO of each CU*Answers credit union currently partnered with Fiserv for its bill pay product. In this letter, we detailed the future of the relationship between CU*Answers and Fiserv as it relates… Read more »

May 22, 2015