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Freddie Mac Announces Its Acceptance of Electronic Transactions

Posted by DocMagic on 07/25/2012

By Melanie Feliciano

There appears to be a movement afoot to adopt electronic transactions, including electronic signatures, in mortgage lending transactions. Pursuant to Bulletin Number 2012-11, Freddie Mac announced recently, among other things, that federally-regulated sellers of loans to Freddie Mac may electronically deliver initial disclosure documents in the loan origination process. In addition, Freddie Mac announced that electronic signatures would be accepted if signatures are required on any of the initial disclosure documents.

The initial loan origination documents that are eligible for Electronic Transactions (defined below) under Freddie Mac’s guidelines are as follows:

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