Freddie Mac Seller/Servicer Guide 4602.2: One-Time Close transactions
Refer to Bulletin 2025-7, which announced the policy requirements for Uniform Appraisal Dataset (UAD) 3.6.
Freddie Mac publishes the full text of this section: Freddie Mac Seller/Servicer Guide 4602.2 on the Freddie Mac website. Zeitro Strata answers questions about it with the passage and page cited.
What this section covers
- (a) Overview of One-Time Close transactions
- (b) One-Time Close with automatic conversion documentation structure
- (c) One-Time Close with a modification agreement documentation structure
- (d) Mortgage purpose
- (e) Underwriting requirements
- (f) Calculation of value
- (g) Appraisal requirements
Guideline text quoted as published by the agency. The latest published version governs. This is not an underwriting decision.