Seller/Servicer

Seller/Servicer

A Seller/Servicer is an institution approved to: Sell Mortgages to Freddie Mac, or Service Mortgages purchased by Freddie Mac, or Sell Mortgages to and service Mortgages purchased by Freddie Mac The term "Seller," as used in this Guide and the other Purchase Documents, refers to a Seller/Servicer acting in its capacity as a seller of Mortgages to Freddie Mac. The term "Servicer," as used in this Guide and the other Purchase Documents, refers to a Seller/Servicer acting in its capacity as a servicer of Mortgages for Freddie Mac. The term "Seller/Servicer" does not include or extend to a Subsidiary or other Affiliate of a Seller/Servicer. A Seller/Servicer must be an institution that meets all of the following conditions: It is a permanent organization and an ongoing concern It is properly authorized to do business in each jurisdiction in which it engages in origination or Servicing It is Organized under federal law, or Organized under the laws of one of the States, or A United States-domiciled branch or subsidiary of a foreign entity The complete requirements for Seller/Servicer eligibility can be found in Chapter 2101.