Freddie to Implement Web Based Reimbursement System for Servicers

" Servicers will soon be required to submit requests for reimbursements from Freddie Mac through a new web based program announced on Thursday. The new system will replace the existing Online Reimbursement System and, according to Freddie Mac, was designed to "create operational efficiencies for both Servicers and Freddie Mac. Servicers will be transitioned onto the new system over the next two quarters."