Why do lenders certify loans during delivery?
Loan certification confirms that the lender has verified all documentation, underwriting decisions, and data accuracy. Freddie Mac requires certification to ensure the loan meets all requirements before it is added to Freddie Mac’s portfolio.
Related FAQs
- What happens if a loan fails delivery validation?
- Why does Freddie Mac require accurate loan data during delivery?
- What is a delivery data correction?
- 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?