Freddie Mac: Electronic Default Reporting Updates
November 16, 2018
Source: Freddie Mac
Freddie Mac is committed to making the overall mortgage experience easier, more cost-effective and more efficient. We continually examine our procedures to identify opportunities to deliver on that promise.
Effective November 30, 2018, Freddie Mac is retiring 34 edits which will make the edit process simpler for Electronic Default Reporting (EDR).
You may view and download the complete list of edits here [PDF].
How does this change benefit you?
Although these edits are being retired, you do not need to change the way you report EDR data to Freddie Mac.
The volume of edits will be reduced. You will spend less time re-transmitting data to clear edits.
The EDR data you submit will be more timely and accurate.
We’re always looking at ways to improve the mortgage servicing experience through collaboration with our Servicers. Let us know what else we can do to help.
For More Information
Refer to the EDR Quick Reference Guide [PDF]
Contact your account manager or call the Customer Support Contact Center (800-FREDDIE)