source:
  type: guide
  id: fhlmc-1402.6
  authority: Freddie Mac Single-Family Seller/Servicer Guide Section 1402.6 — Warehouse
    Lender requirements
  description: Freddie Mac Single-Family Seller/Servicer Guide Section 1402.6 — Warehouse
    Lender requirements.
  coverage_tier: operative
obligations:
- id: fhlmc-1402.6-full
  canonical_id: fhlmc-1402.6-full
  section: Freddie Mac Single-Family Seller/Servicer Guide Section 1402.6 — Warehouse
    Lender requirements
  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 1402.6 — Warehouse
      Lender requirements
    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: '1402.6: Warehouse Lender requirements (12/17/25) This section
      contains the requirements for Pledged eMortgages to be delivered to Freddie
      Mac for sale. The contents of Form 994SF, Warehouse Lender and Freddie Mac Pledged
      eMortgage Agreement, are incorporated by this reference into the Seller/Servicer’s
      Purchase Documents and are made a part thereof. ■ Becoming a Freddie Mac-approved
      eMortgage Warehouse Lender ■ Delivery and Transfer of Control to Freddie Mac
      ■ Accepted purchase offer ■ Declined purchase offer ■ Amendments to Chapter
      6305 ■ Ancillary Custodial Documents ■ eNote certification ■ Termination of
      procedures (a) Becoming a Freddie Mac-approved eMortgage Warehouse Lender The
      Seller/Servicer may deliver eMortgages that are pledged to Freddie Mac’s approved
      eMortgage Warehouse Lender (https://sf.freddiemac.com/working-with-us/electronic-
      loan-documents/emortgage-ready-participants#warehouse-lenders) to Freddie Mac
      or a Freddie Mac Single-Family Seller/Servicer Guide Chapter 1402 As of 12/17/25
      Page 1402-53 Freddie Mac-approved third-party eNote custodian, from time to
      time, that are eligible for purchase under the Seller/Servicer’s Purchase Documents.
      If the Seller/Servicer wishes to deliver eMortgages that are pledged to a Warehouse
      Lender that is not approved for eMortgages, the Warehouse Lender must contact
      the Freddie Mac eMortgage Team (eMortgage_Team@FreddieMac.com) to determine
      its eligibility and obtain Freddie Mac’s prior written approval. The approval
      process consists of review of the eNote Vault System used by the Warehouse Lender
      according to the process described in the table below and the Warehouse Lender
      executing and delivering a completed Form 994SF to Freddie Mac. Either the original
      paper Form 994SF signed by the Warehouse Lender must be sent to Freddie Mac
      by mail or a scanned copy of the Warehouse Lender signed Form 994SF must be
      electronically delivered to Freddie Mac at Counterparty_Authorization@FreddieMac.com.
      eNote Vault System Requirements If the eNote Vault System was not previously
      reviewed by Freddie Mac: If the eNote Vault System was previously reviewed by
      Freddie Mac (https://sf.freddiemac.com/working-with- us/electronic-loan-documents/emortgage-
      ready-participants#vendors): ■ The Warehouse Lender must (or cause its System
      Provider to) provide a demonstration of the eNote Vault System for Freddie Mac’s
      review ■ The Warehouse Lender must complete testing that includes verification
      of integration with MERS® eRegistry and eDelivery systems, among other things
      ■ Freddie Mac may, at its sole discretion, request additional information concerning
      the System and associated processes and procedures for further analysis ■ The
      Warehouse Lender must complete testing that includes verification of integration
      with MERS® eRegistry and eDelivery systems, among other things ■ Freddie Mac
      may, at its sole discretion, request additional information concerning the System
      and associated processes and procedures for further analysis Despite Freddie
      Mac’s review of the Warehouse Lender’s eNote Vault System: i. The Warehouse
      Lender remains solely responsible and liable for any error, omission, System
      malfunction and/or negligence caused by: the System Provider, the eNote Vault
      System and/or the Warehouse Lender; and ii. Freddie Mac undertakes no responsibility
      and/or liability whatsoever in connection with any error, omission, System malfunction
      and/or negligence caused by the System Provider, the Freddie Mac Single-Family
      Seller/Servicer Guide Chapter 1402 As of 12/17/25 Page 1402-54 eNote Vault System
      and/or the Warehouse Lender in connection with Warehouse Lender’s use of such
      eNote Vault System The Warehouse Lender must provide the Freddie Mac eMortgage
      Team (eMortgage_Team@FreddieMac.com) with 90 days’ advance written notice and
      complete the Freddie Mac review process outlined in table above in case of any
      significant proposed change to the Warehouse Lender’s eNote Vault System. Significant
      proposed changes to the Warehouse Lender’s eNote Vault System are those that
      may materially and adversely affect the performance of the Warehouse Lender’s
      eNote Vault System and include, but are not limited to, any change that would
      be reasonably likely to adversely affect the enforceability of the eNotes or
      other eMortgage documents or compliance with E-SIGN and/or the UETA. Additionally,
      if the Warehouse Lender wishes to use an eNote Vault System that is different
      from what was communicated at the time of initial approval, the Warehouse Lender
      must provide the Freddie Mac eMortgage Team (eMortgage_Team@FreddieMac.com)
      with 90 days’ advance written notice and complete the Freddie Mac review process
      outlined in the table above. (b) Delivery and Transfer of Control to Freddie
      Mac If the Warehouse Lender or its agent has previously accepted the delivery
      and Transfer of Control and Location of the eNote, then the Seller/Servicer,
      Warehouse Lender and Freddie Mac agree that Warehouse Lender or its agent will:
      ■ eDeliver the related Pledged eNotes from Warehouse Lender or its agent’s eNote
      Vault System to Freddie Mac’s or a Freddie Mac-approved third-party eNote custodian’s
      eNote Vault System using MERS® eDelivery; and ■ Transfer Control to Freddie
      Mac and Location to either Freddie Mac or the Freddie Mac- approved third-party
      eNote custodian, as applicable, using MERS eRegistry If the Warehouse Lender
      desires to be in the Secured Party field, then the Seller/Servicer, Warehouse
      Lender and Freddie Mac agree that Seller/Servicer having Control of the eNote
      will: ■ Populate the Secured Party field with the Warehouse Lender’s MERS eRegistry
      organizational identifier and Secured Party Delegatee field with the Warehouse
      Lender’s delegatee’s MERS eRegistry organizational identifier, as applicable
      ■ eDeliver the related Pledged eNotes from Seller/Servier’s eNote Vault System
      to Freddie Mac’s or a Freddie Mac-approved third-party eNote custodian’s eNote
      Vault System using MERS eDelivery; and ■ Transfer Control to Freddie Mac and
      Location to either Freddie Mac or the Freddie Mac- approved third-party eNote
      custodian, as applicable, using MERS eRegistry Freddie Mac Single-Family Seller/Servicer
      Guide Chapter 1402 As of 12/17/25 Page 1402-55 Freddie Mac or the applicable
      Freddie Mac-approved third-party eNote custodian will maintain and store the
      related Pledged eNotes for Warehouse Lender’s benefit commencing on the date
      and at the time the eRegistry reflects that Freddie Mac is the Controller and
      Freddie Mac or the Freddie Mac-approved third-party eNote custodian is the Location
      of the related Pledged eNotes in the MERS eRegistry. (c) Accepted purchase offer
      If Freddie Mac accepts Seller/Servicer’s purchase offer, Freddie Mac shall purchase
      the Pledged eMortgages and related Pledged eNotes by sending the Purchase Proceeds,
      on the Funding Date or Settlement Date, by wire transfer in accordance with
      the wire transfer instructions in Form 996E, executed and delivered by Warehouse
      Lender to Freddie Mac. Upon Freddie Mac sending the Purchase Proceeds, Seller/Servicer’s
      and/or Warehouse Lender’s: ■ Rights, title and/or interest in such Pledged eMortgages
      and related Pledged eNotes shall be immediately, automatically, absolutely and
      unconditionally conveyed, transferred and assigned to Freddie Mac; and/or ■
      Security interest in or lien upon such Pledged eMortgages and related Pledged
      eNotes shall be immediately, automatically, absolutely and unconditionally released
      and relinquished to Freddie Mac. Thereafter, Freddie Mac shall be the sole and
      absolute owner of any and all rights, title, interest in such Pledged eMortgages
      and related Pledged eNotes, free and clear of any and all claims, interests,
      security interests and/or liens. (d) Declined purchase offer Seller/Servicer
      agrees that if Freddie Mac declines to purchase the Pledged eMortgages, Warehouse
      Lender or its agent will: ■ Accept the eDelivery of related Pledged eNotes back
      to Warehouse Lender or its agent’s eNote Vault from Freddie Mac’s or a Freddie
      Mac-approved third-party eNote custodian’s eNote Vault using MERS eDelivery;
      and ■ Accept the Transfer of Control from Freddie Mac and Location from Freddie
      Mac or the Freddie Mac-approved third-party eNote custodian, as applicable,
      of such related Pledged eNotes using MERS eRegistry If the Warehouse Lender
      desires to be in the Secured Party field, then the Seller/Servicer and Warehouse
      Lender agree that Freddie Mac or the Freddie Mac-approved third-party eNote
      custodian, as applicable, will populate the Secured Party field with the Warehouse
      Lender’s MERS eRegistry organizational identifier and the Secured Party Delegatee
      field with the Warehouse Lender’s delegatee’s MERS eRegistry organization identifier,
      as applicable, and transfer the Control and Location of the eNote to Seller/Servicer
      using MERS eRegistry. Freddie Mac Single-Family Seller/Servicer Guide Chapter
      1402 As of 12/17/25 Page 1402-56 (e) Amendments to Chapter 6305 In connection
      with delivery of eMortgages pursuant to this Chapter 1402, Chapter 6305 is amended
      and supplemented as follows. Section 6305.1 is supplemented and amended to add
      the following definitions “Pledged eMortgages” and “Pledged eNotes” and paragraph
      as the final terms in Section 6305.1: ■ “Pledged eMortgages” means the same
      thing as “Pledged Mortgages,” as defined in Section 6305.1, except that the
      evidence of indebtedness for a Pledged eMortgage is an eNote (Transferable Record)
      governed by the UETA and/or E-SIGN ■ “Pledged eNotes” means the eNotes that
      are pledged to the Warehouse Lender together with the related “Pledged eMortgages,”
      as defined above” ■ “For eMortgages, whenever the terms “Pledged Mortgages”
      and “Notes” are used in Chapter 6305, substitute the terms “Pledged eMortgages”
      and related “Pledged eNotes” (f) Ancillary Custodial Documents Seller/Servicer
      must concurrently deliver paper ancillary Custodial Documents to its Document
      Custodian or Designated Custodian, as applicable, which shall store and maintain
      custody and possession of such paper documents under Seller/Servicer’s Custodial
      Agreement, Form 1035, Document Custodial Agreement: Single-Family Mortgages,
      at the time Seller/Servicer instructs the Warehouse Lender to: ■ Deliver to
      Freddie Mac or a Freddie Mac-approved third-party eNote custodian certain Pledged
      eNotes related to certain Pledged eMortgages that are eligible for purchase
      by Freddie Mac under Seller/Servicer’s Purchase Documents; and ■ Transfer Controller
      and Location status of the related Pledged eNotes, registered in the MERS® eRegistry,
      to Freddie Mac or the Freddie Mac-approved third-party eNote custodian, as applicable
      In the event Freddie Mac does not purchase certain Pledged eMortgages and related
      Pledged eNotes, Seller/Servicer is responsible for arranging for the return
      of the ancillary Custodial Documents from the Document Custodian or Designated
      Custodian, as applicable. (g) eNote certification After Seller/Servicer’s delivery
      of Pledged eMortgages and related Pledged eNotes to Freddie Mac or a Freddie
      Mac-approved third-party eNote custodian, but before each Settlement Date/Funding
      Date for such Pledged eMortgages and related Pledged eNotes, all such related
      Pledged eNotes will be automatically certified by Freddie Mac or automatically/manually
      certified by the Freddie Mac-approved third-party eNote custodian, as applicable,
      provided the data meets the requirements of Section 1402.3(b). Freddie Mac Single-Family
      Seller/Servicer Guide Chapter 1402 As of 12/17/25 Page 1402-57 In the event
      automated certification is unavailable, Pledged eNotes that meet the data requirements
      of Section 1402.3(b) will be certified manually. (h) Termination of procedures
      The warehousing procedures and process set forth in this Section 1402.6 may
      be terminated by Seller/Servicer, Warehouse Lender or Freddie Mac by written
      notice delivered to the other parties. Such notice may specify an effective
      date for such termination, but in no event shall the termination be effective
      less than thirty (30) days after such notice is sent; provided, however, the
      provisions of Section 1402.6 shall automatically terminate on: ■ The date Freddie
      Mac disqualifies or suspends Seller/Servicer’s eligibility to sell Mortgages
      or eMortgages to or service Mortgages or eMortgages for Freddie Mac, or ■ The
      date of Seller/Servicer’s dissolution Notwithstanding anything contained herein,
      the Seller/Servicer’s Purchase Documents or any other agreement to the contrary:
      ■ Any and all representations, warranties, covenants, conveyances, assignments
      and transfers given by Seller/Servicer to Freddie Mac in connection with Freddie
      Mac’s purchase of eligible Pledged eMortgages, and ■ Any and all representations,
      warranties, covenants, conveyances, assignments, transfers, relinquishments
      and releases given by Warehouse Lender to Freddie Mac in connection with Freddie
      Mac’s purchase of eligible Pledged eMortgages These shall survive the termination
      hereof and shall remain in full force and effect and be valid and enforceable.
      Freddie Mac Single-Family Seller/Servicer Guide Chapter 1501 As of 12/17/25
      Page 1501-1 Chapter 1501: Master Agreements, Pricing Identifier Terms, Guide
      Plus Additional Provisions and other Purchase Documents 1501.1: Master Agreements,
      Pricing Identifier Terms, Guide Plus Additional Provisions and other Purchase
      Documents (12/17/25) This section contains: ■ Master Agreements, Pricing Identifiers
      and other Pricing Terms ■ Terms of Master Agreements and Pricing Identifier
      Terms ■ Guide Plus Additional Provisions ■ Revocation of Master Agreement or
      Pricing Identifier Terms This section covers the terms relating to or associated
      with Master Agreements, Pricing Identifiers and other Pricing Identifier Terms.
      Master Agreements, Pricing Identifier Terms and other Purchase Documents are
      “Freddie Mac confidential information” (as defined in Section 1201.8(a)). (a)
      Master Agreements, Pricing Identifiers and other Pricing Terms (i) Binding contract
      Freddie Mac and the Seller may enter into Master Agreements, Pricing Identifier
      Terms or other Purchase Documents that provide Seller-specific, negotiated terms
      for the sale and Servicing of Mortgages. A binding contract between Freddie
      Mac and the Seller is established when the Seller, as applicable: ■ Accepts
      terms of a Purchase Contract in Loan Selling Advisor®, ■ Delivers Mortgages
      to Freddie Mac under the terms of the Purchase Documents, or ■ Signs and returns
      the Purchase Document, if Freddie Mac requires a signature Freddie Mac Single-Family
      Seller/Servicer Guide Chapter 1501 As of 12/17/25 Page 1501-2 (ii) Amendments
      to Purchase Documents From time to time, Freddie Mac may issue amendments pursuant
      to terms in the Guide or the Seller’s other Purchase Documents that allow Freddie
      Mac to amend, supplement, revise or terminate a provision. Freddie Mac may amend
      existing provisions of, or add new provisions to, the Seller’s Purchase Documents.
      Amendments become binding: ■ If Freddie Mac requires a signature on the date
      the Seller returns the signed amendment, or ■ If Freddie Mac does not require
      a signature, on the effective date stated in the amendment, The Seller’s delivery
      of Mortgages under a Purchase Document is deemed to be acceptance of all terms
      and conditions of the amendment. (iii)Issuance of Master Agreements, Pricing
      Identifier Terms Amendments and other Purchase Documents If Freddie Mac issues
      a new or amended Master Agreement or Pricing Identifier Terms (as applicable,
      the “Document”) and requires the Seller to sign the Document, the Seller must,
      within the time period specified in the Document, sign and return the Document:
      ■ Using the digital signature software (e.g., DocuSign) used by Freddie Mac
      to transmit the Document to the Seller, or ■ As an Electronic Record attached
      to an e-mail sent to the e-mail address provided by Freddie Mac and to the Seller
      The execution and delivery of a Document as stated above is an Eligible Electronic
      Transaction, as defined in and governed by Chapter 1401. (iv) Part and section
      headings of Master Agreements and Pricing Identifier Terms Part and section
      headings set forth in Master Agreements or Pricing Identifier Terms are for
      convenience of reference only and are not part of the Master Agreement or Pricing
      Identifier Terms. (v) Defined terms Capitalized terms used but not defined in
      a Master Agreement or Pricing Identifier Terms shall have the meanings ascribed
      to them in the Guide. (b) Terms of Master Agreements and Pricing Identifier
      Terms (i) Master Agreements Freddie Mac Single-Family Seller/Servicer Guide
      Chapter 1501 As of 12/17/25 Page 1501-3 The Master Agreement sets forth terms
      relating to the sale of Mortgages to Freddie Mac in addition to Guide requirements.
      (ii) Pricing Identifier Terms, when issued under a Master Agreement Pricing
      Identifier Terms, when issued under a Master Agreement, incorporate the terms
      of the Master Agreement and set forth pricing terms relating to the Seller’s
      sale of Mortgages to Freddie Mac under the Master Agreement, which may include:
      1. The Pricing Identifier Issue Date 2. Negotiated provisions that differ from
      the Guide or the Master Agreement 3. Any other terms and conditions acceptable
      to Freddie Mac (iii)Pricing Identifier Terms or Purchase Agreements issued without
      a Master Agreement Pricing Identifier Terms or Purchase Agreements issued without
      a Master Agreement set forth all terms relating to the Seller’s sale of Mortgages
      to Freddie Mac under the Pricing Identifier Term or Purchase Agreement. The
      Pricing Identifier includes: 1. The Effective Date 2. Whether delivery is mandatory
      (i.e., the Seller is obligated to sell Mortgages under the Pricing Identifier
      Term or Purchase Agreement) or optional (i.e., the Seller has the option to
      sell Mortgages under the Pricing Identifier Terms or Purchase Agreement) 3.
      A stated tolerance for purchases 4. Any Mortgage Products or programs that are
      not eligible for sale under the Guide 5. Negotiated provisions that differ from
      the provisions of the Guide 6. Any other terms and conditions acceptable to
      Freddie Mac (iv) Changes to Master Agreements or Pricing Identifier Terms Freddie
      Mac may amend, supplement, revise or terminate the provisions of the Seller’s
      Master Agreement or Pricing Identifier Terms, in whole or in part, upon written
      notice to the Seller during the term of the Master Agreement or other Pricing
      Identifier Terms. An amendment to the Guide that affects any negotiated provision
      of the Seller’s Master Agreement or Pricing Identifier Terms is effective as
      of the date specified by Freddie Mac in a written notice to the Seller indicating
      how the negotiated provision will be affected by the Guide amendment. Freddie
      Mac Single-Family Seller/Servicer Guide Chapter 1501 As of 12/17/25 Page 1501-4
      Notice of Guide amendments that affect the Seller’s Master Agreement or Pricing
      Identifier Terms may be provided by Freddie Mac in a Bulletin. (c) Guide Plus
      Additional Provisions The Seller may be eligible to deliver Mortgages in accordance
      with the requirements of Guide Plus Additional Provisions, which are Freddie
      Mac confidential information. The Seller’s delivery of Mortgages constitutes
      acceptance of all terms and conditions of the Guide Plus Additional Provisions,
      as amended from time to time. (i) Accessing Guide Plus Additional Provisions
      (A) Guide Plus Additional Provisions Access to Guide Plus Additional Provisions
      will be provided to the Seller through AllRegs®. (B) Authorized users The Seller
      must authorize designated representatives (“Guide Access Manager”) to be responsible
      for providing and maintaining user access to view Guide Plus Additional Provisions.
      Guide Access Managers manage user access but cannot view Guide Plus Additional
      Provisions unless they request a “GAM/User” role. An authorized representative
      of the Seller must sign and submit Form 905, Guide Access Manager Authorization
      Form, designating the Guide Access Manager to the Guide Plus mailbox at GuidePlus@FreddieMac.com.
      The Seller must submit a new Form 905 to add or remove a new Guide Access Manager;
      submission and completion of Form 905 is not required to add or delete employee
      users who are not Guide Access Managers. The Seller, through the designated
      Guide Access Manager, is responsible for authorizing and managing employee access
      to Guide Plus through AllRegs. The Seller must: ■ Safeguard and protect the
      credentials (e.g., user IDs, passwords, personal identification numbers) that
      allow the Seller to access Guide Plus Additional Provisions, and ■ Adopt security
      measures to prevent their loss, theft or unauthorized disclosure or use of such
      credentials Freddie Mac Single-Family Seller/Servicer Guide Chapter 1501 As
      of 12/17/25 Page 1501-5 (ii) Changes to Guide Plus Additional Provisions Freddie
      Mac reserves the right to amend, supplement, revise or terminate any or all
      of the Seller’s Guide Plus Additional Provisions. All updates and notifications
      related to Guide Plus Additional Provisions will be announced through notification
      e-mails from GuidePlus@FreddieMac.com or “AllRegs Alerts” from elliemae.com
      or ice.com e-mail domains. Notifications may also be published in the company
      Announcements section of the AllRegs Guide Plus Additional Provisions website.
      E-mail communications and/or publication constitute written communication and
      notice from Freddie Mac. Amendments are effective on the date specified by Freddie
      Mac. The Seller is responsible for ensuring spam filters are set to allow e-mails
      from the e-mail domains above and must comply with all amendments to Guide Plus
      Additional Provisions, regardless of the Seller’s spam filter settings and regardless
      of whether the Seller has unsubscribed from the e-mail notifications. Only designated
      Guide Plus “Users” (not “Guide Access Managers”) will receive email notifications
      related to Guide Plus Additional Provisions. (d) Revocation of Master Agreement
      or Pricing Identifier Terms The terms and conditions of the Master Agreement
      or Pricing Identifier Terms, including any waivers of Guide requirements set
      forth therein, are expressly conditioned upon: ■ The Seller’s compliance with
      the terms and conditions in the Master Agreement, Pricing Identifier Terms,
      the Guide and the other Purchase Documents, and ■ The truth and accuracy of
      the representations and warranties made by the Seller under the Purchase Documents
      Freddie Mac has the right to revoke the Master Agreement and/or other Pricing
      Identifier Terms in whole or in part if: ■ The Seller breaches any term or condition
      in any Purchase Document, or ■ Any representation or warranty proves to have
      been untrue at the time made by the Seller Freddie Mac has the right to supplement,
      modify or terminate any Purchase Document in whole or in part at any time without
      prior notice. Freddie Mac Single-Family Seller/Servicer Guide Chapter 1501 As
      of 12/17/25 Page 1501-6'
  judgment: false
