Payoff Determination Date

Payoff Determination Date

The date that Freddie Mac determines the amount it will draft based on Servicer reporting. For payoffs reported within two Business Days of the payoff, the Payoff Determination Date will be two Business Days before the Payoff Draft Date. Payoffs reported three or more Business days after the payoff are late and the Payoff Determination Date will be the same day the payoff was successfully reported.