Get Form 981

Filling out Form 981 online can streamline the transfer of multifamily servicing for Freddie Mac. This guide will walk you through the components of the form and provide detailed instructions to ensure a smooth completion process.

Follow the steps to fill out the Form 981 online.

1. Click ‘Get Form’ button to obtain the form and open it in your browser.
2. Begin by filling in the transferor's details, including the name, seller/servicer number, address, contact information, and telephone number in the designated fields.
3. Next, enter the transferee's information, replicating the process for filling out the servicer name, seller/servicer number, address, contact details, and telephone number.
4. Provide the requested effective date of transfer, ensuring it aligns with the guidelines set forth in the Freddie Mac Multifamily Seller/Servicer Guide.
5. Complete Part A by answering questions regarding the transfer that involve current and delinquent multifamily mortgages, any outstanding purchase commitments, and other specifically required details. Ensure yes/no fields are checked accurately.
6. Continue with the additional inquiries in Part A, including those about automated systems, participation interests, and any special servicing requirements applicable to the mortgages being transferred.
7. In the specified fields, indicate the total unpaid principal balance for both the mortgages and REO being included in the transfer, as well as the total number of each.
8. Complete the details related to the document custodian before transfer, if it's Freddie Mac or another entity.
9. Sign the agreement at the bottom of Part A with the typed name and signature of the authorized representative of the transferor.
10. Proceed to Part B, and fill in the required details about the transferee, including the servicing staff total and the unpaid principal balance of the servicing portfolio.
11. Once all sections are completed, review the information for accuracy and completeness.
12. Save the changes made to the form, and choose to download, print, or share the completed document as needed.

Start completing your Form 981 online today for a seamless transfer of multifamily servicing.