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GSF Mortgage has announced that it has been approved as a single-family housing Freddie Mac seller/servicer. Freddie Mac was chartered by Congress in 1970 to purchase loans from mortgage lenders. These mortgage lenders could then replenish their supply funds and in return have more capital available to lend to more borrowers.
GSF Mortgage is pleased to share in Freddie Mac’s mission to expand opportunities for homeownership and affordable housing. In 1995, GSF Mortgage was formed to provide solutions for borrowers pursuing homeownership. For more than 20 years, GSF Mortgage has offered loan programs eligible for Freddie Mac’s guidelines. The company is excited to expand their offering and execution of available products.
“We are very pleased and excited to receive our seller/servicer approval with Freddie Mac," said GSF Mortgage President Chad Jampedro. "We see Freddie Mac holding a clear advantage in the marketplace for products and services. This approval strengthens GSF’s overall product offering and servicing operation and provides yet another strategic option for our borrowers and referral partners."
GSF Mortgage is now approved with all of the agencies: Freddie Mac, Fannie Mae and Ginnie Mae. This means that the company is able to sell directly to these agencies and offer all agency products.