source:
  type: guide
  id: fhlmc-2406.1
  authority: Freddie Mac Single-Family Seller/Servicer Guide Section 2406.1 — BPODirect®
    overview
  description: Freddie Mac Single-Family Seller/Servicer Guide Section 2406.1 — BPODirect®
    overview.
  coverage_tier: operative
obligations:
- id: fhlmc-2406.1-full
  canonical_id: fhlmc-2406.1-full
  section: Freddie Mac Single-Family Seller/Servicer Guide Section 2406.1 — BPODirect®
    overview
  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 2406.1 — BPODirect®
      overview
    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: '2406.1: BPODirect® overview (12/17/25) This section contains
      requirements related to: ■ Quality Control Advisor® ■ Managing access to BPODirect®
      ■ Obtaining a property value via BPODirect (a) Quality Control Advisor Seller/Servicers’
      use of Quality Control Advisor continues to be subject to the terms and conditions
      set forth in Sections 2401.1, 2402.2(a) and 2402.3 and Seller/Servicers’ other
      applicable Purchase Documents, as amended from time to time. (b) Managing access
      to BPODirect In managing access to BPODirect Servicers must: ■ Ensure that only
      active employees of the Servicer or its Related Third Parties with a need to
      use BPODirect are provided access, which shall be facilitated and managed through
      Access Manager pursuant to Section 2401.1(f) ■ Monitor any Related Third Party
      it engages to perform loss mitigation activities including the use of BPODirect
      in connection with the Servicing of Freddie Mac Mortgages, and ensure compliance
      with all applicable requirements of the Guide and any other Purchase Documents
      and applicable law, and have written policies and procedures in place for doing
      so (c) Obtaining a property value via BPODirect When Freddie Mac requires that
      a property value be obtained through BPODirect, the Servicer must obtain the
      property value via Freddie Mac Gateway®. The Servicer represents and warrants
      that all information it provides for the purpose of obtaining the property value,
      including the address of the Mortgaged Premises, is true, complete and accurate.
      Freddie Mac Single-Family Seller/Servicer Guide Chapter 2406 As of 12/17/25
      Page 2406-2 When a Servicer accesses BPODirect, the website may display an automated
      value if one is available: 1. If an automated value is not available in BPODirect
      or through another permitted source (e.g., Automated Valuation Model (AVM) report),
      or the MI requires a BPO/property valuation, the Servicer must submit a new
      property valuation request to Freddie Mac (i.e., order a new BPO from BPODirect),
      if necessary. There is no cost associated with automated values obtained through
      BPODirect, however there is a cost associated with ordering a valuation (BPO
      or appraisal reports). See Section 9202.4 for costs associated with ordering
      valuations. 2. If Freddie Mac requires a BPO for the situation the Servicer
      is evaluating, then, unless otherwise noted below, the Servicer must take the
      additional step of ordering a new BPO from BPODirect. Once the BPO valuation
      is complete, the BPO value will be available to the Servicer in BPODirect. Notwithstanding
      the requirements above, if the Servicer has previously obtained a Freddie Mac-compliant
      property valuation (i.e., Freddie Mac-provided BPO, Freddie Mac-provided appraisal
      or an appraisal obtained in compliance with Topic 5600), the Servicer must use
      the Freddie Mac-compliant property valuation provided it meets the property
      valuation requirements for the specific relief or workout option. The Servicer
      may not obtain a new property valuation in this circumstance. Note: If the Mortgage
      is covered by mortgage insurance, the Servicer must ensure that the property
      value it obtains is based on a property valuation type that is consistent with
      the MI’s requirements. Freddie Mac Single-Family Seller/Servicer Guide Chapter
      2407 As of 12/17/25 Page 2407-1 Chapter 2407: Third-Party Servicing Tools Made
      Available Via Freddie Mac Gateway'
  judgment: false
