source:
  type: guide
  id: fhlmc-5101.2
  authority: Freddie Mac Single-Family Seller/Servicer Guide Section 5101.2 — Loan
    Product Advisor® Risk Class
  description: Freddie Mac Single-Family Seller/Servicer Guide Section 5101.2 — Loan
    Product Advisor® Risk Class.
  coverage_tier: operative
obligations:
- id: fhlmc-5101.2-full
  canonical_id: fhlmc-5101.2-full
  section: Freddie Mac Single-Family Seller/Servicer Guide Section 5101.2 — Loan Product
    Advisor® Risk Class
  type: do
  tags:
  - regulator-direct
  - fhlmc
  - freddie-guide
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: Freddie Mac Single-Family Seller/Servicer Guide Section 5101.2 — Loan
      Product Advisor® Risk Class
    source_class: fhlmc-guide
    source_url: https://guide.freddiemac.com/ci-guide
    snapshot_id: 5869ee9e606cd4ae
    fetched_at: '2026-05-23T00:27:40Z'
    content_hash: sha256:9a1b23e5024bb369e7a59d36b3702383c11ace68b5d209fdef791bc8f955c637
    paragraph_quote: '5101.2: Loan Product Advisor® Risk Class (02/04/26) This section
      contains requirements related to: ■ Accept Mortgages ■ Caution Mortgages The
      Risk Class on the Last Feedback Certificate establishes the extent of underwriting
      required. Based on its analysis of the data, Loan Product Advisor® will return
      a Risk Class of Accept or Caution. (a) Accept Mortgages An Accept Mortgage is
      a Loan Product Advisor Mortgage that receives a Risk Class of Accept. For Mortgages
      with a Risk Class of Accept on the Last Feedback Certificate, the Seller is
      eligible for relief from representations and warranties for creditworthiness
      and layering of risk when all of the requirements below are met: ■ The Mortgage
      and the Seller comply with all requirements of the Purchase Documents, including
      Section 4201.10 related to no circumstances adversely affecting value of Mortgage
      and this Chapter 5101 ■ The Last Feedback Certificate matches the terms of the
      transaction delivered to Freddie Mac, except as stated in Section 5101.3(b)
      and Chapter 4602 for Construction to Permanent Mortgages and Renovation Mortgages
      when resubmission to Loan Product Advisor is not required Freddie Mac Single-Family
      Seller/Servicer Guide Chapter 5101 As of 02/04/26 Page 5101-5 ■ The property
      address returned on the Last Feedback Certificate is the address of the Mortgaged
      Premises ■ The Mortgage is not a Seller-Owned Modified Mortgage, unless the
      Seller-Owned Modified Mortgage is a Home Possible® Accept Mortgage ■ The Mortgage
      is not a Seller-Owned Converted Mortgage (b) Caution Mortgages A Caution Mortgage
      is a Loan Product Advisor Mortgage that receives a Risk Class of Caution. For
      Mortgages with a Risk Class of Caution reflected on the Last Feedback Certificate
      to be eligible for sale to Freddie Mac, the Seller must: ■ Manually underwrite
      the Mortgage in accordance Section 5102.2(b), and ■ Deliver the Mortgage as
      a Caution Mortgage with the Key Number in accordance with Section 6302.10'
  judgment: false
