Freddie Launches New Servicer Award

Published October 05, 2004, 2:00 p.m. EDT

1 Min Read

Freddie Mac has announced the addition of a Tier One Gold designation to its Tier One Premium Awards to recognize high-performing small and midsize servicers with small default portfolios.Noting that nearly 40% of Freddie's servicers are small to medium-sized institutions, Janet Eakes, Freddie Mac's vice president of sourcing operations, said the new program "means that these servicers, like larger institutions, can now achieve best-in-class recognition for servicing excellence and top scores in investor reporting and default management on our Servicer Performance Profiles." Freddie Mac also announced that its existing Tier One Performance awards for larger servicers are being renamed Tier One Platinum awards. Freddie Mac can be found online at http://www.freddiemac.com.

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