What happens if a loan fails delivery validation?
If a loan fails validation, Freddie Mac may require corrections, additional documentation, or clarification from the lender. The loan cannot be fully delivered until all issues are resolved. This process protects Freddie Mac from acquiring ineligible or defective loans.
Related FAQs
- Why does Freddie Mac require accurate loan data during delivery?
- What is a delivery data correction?
- Why do lenders certify loans during delivery?
- What is loan delivery?
- Does loan delivery affect borrowers?
- What happens if required documents are missing during delivery?
- What data must lenders provide when delivering a loan?