Freddie Mac Announces Three New Servicer Manager Tools

McLEAN, Va. – Freddie Mac recently announced three new Internet-based servicing tools designed to help services decrease costs by streamlining several data management and default reporting operations. Of the three new tools, Default Reporting ManagerT and Incentive ManagerT are available immediately; the third – Remedy ManagerT – is expected for a full rollout later in the spring. Default Reporting Manager is designed to give servicers easier access and even more up-to-date information for managing delinquent portfolios. It allows users to view, analyze and download EDR reports from their desktops, as well as monitor, validate and update foreclosure sale reporting processes, with error correction feedback. Incentive Manager tracks all servicer incentives in one place as they’re earned or accrue over a calendar year. It provides daily status reports and immediate access to loss mitigation and foreclosure timeline incentive reports. Remedy Manager will give servicers fast access to Freddie Mac data to be able to monitor open and pending repurchase requests, track and analyze closed repurchase requests, and avoid unwanted interest fees for lost or misplaced requests. -