Freddie Mac Form 1061 PDF Details

The Freddie Mac Form 1061 is a crucial document designed to confirm the identity and authority of individuals who are authorized to execute financial transactions on behalf of Freddie Mac. This Certificate of Incumbency and Authority To Draft Against Custodial Accounts serves a vital role by ensuring that only designated officers, employees, agents, representatives, or attorneys can present sight drafts for the purpose of drafting against funds held by a Servicer or a Servicer’s depository. These actions are taken in alignment with the guidelines outlined in the Single-Family Seller/Servicer Guide or the Multifamily Seller/Servicer Guide, along with other Purchase and Servicing Documents. The form requires detailed information including the name and title of the person executing the certificate, the name of the authorized individual, and a specimen signature of the authorized individual. The execution of this form is sealed with the signature, typed name, and title of the individual executing the certificate, alongside the date of execution, ensuring that all transactions conducted are authorized and compliant with Freddie Mac's standards and protocols.

QuestionAnswer
Form NameFreddie Mac Form 1061
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other namesWHEREOF, executing, Servicer, Incumbency

Form Preview Example

FREDDIE

MAC

Certificate of Incumbency and Authority To Draft Against Custodial Accounts

I, _____________________________________,1 the _______________________________________2 of Freddie

Mac, do hereby certify as follows:

(1)_____________________________________ 3 is an officer, employee, agent, representative or attorney of Freddie Mac.

(2)_____________________________________ 3 is authorized to present sight drafts on behalf of Freddie Mac

to draft against any and all monies held by a Servicer or a Servicer’s depository for remittance to, or for the benefit of, Freddie Mac pursuant to the Single-Family Seller/Servicer Guide or the Multifamily Seller/Servicer Guide and the other Purchase and Servicing Documents (as that term is defined in said Guides).

(3)Appearing immediately below this sentence is a true and correct specimen signature of

_________________________________________ .3

____________________________________________4

IN WITNESS WHEREOF, I have hereunto set my hand as of this _____ day of ___________________, ________.5

By

(Signature)

(Typed name and title)

__________________________________________________________________________________________

1Type name of person executing Certificate.

2Type title of person executing Certificate—Secretary or Assistant Secretary.

3Type name of authorized person.

4Authorized person should write signature on this line.

5Type day, month, and year on which Certificate is executed by Secretary or Assistant Secretary.

Freddie Mac Form 1061 (12/03), Page 1 of 1

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