Yesterday, at its 2014 Multifamily Seller/Servicer Conference in New Orleans, Freddie Mac publicly announced the kick-off of its new Small Balance Loan (SBL) offering and the new Form 1104.
Due to its close working relationship with Freddie Mac, GRS | Corteq has been field-testing this new Form 1104 for the past couple of weeks—and GRS | Corteq technical professionals have provided Freddie Mac with ongoing feedback and advice toward its finalization.
Because of this, when GRS | Corteq received the new final documents yesterday, the CRE assessment firm was instantly ready to go—complete with all of the corollary information necessary for proper data collection.
In fact, GRS | Corteq is leading the industry with new SBL transactions already on the books and expert teams in the field, today, delivering this new Freddie Mac standard. grs-global.com