Freddie Mac will allow lenders to verify employment for union members with the union directly whether or not the borrower is between jobs at the time of closing, or employed at the time of closing. The lender can choose between contacting the employer directly or the union.
Related Article Title: Freddie Mac Multiple Selling Guide Updates – Bulletin 2018-24 – Dated December 5, 2018 Written By: Lloyd Rutherford, Staff Writer Important updates from Freddie Mac regarding Union Member workers, Master Condo policies and the revision of the 1077, which is the Underwriting Transmittal form. Read this update to learn about the new changes. […]