Freddie Mac Form 1077 "Uniform Underwriting and Transmittal Summary"

What Is Freddie Mac Form 1077?

This is a legal form that was released by the Federal Home Loan Mortgage Corporation (Freddie Mac) on December 1, 2018 and used country-wide. As of today, no separate filing guidelines for the form are provided by the issuing department.

Form Details:

  • Released on December 1, 2018;
  • The latest available edition released by the Federal Home Loan Mortgage Corporation (Freddie Mac);
  • Easy to use and ready to print;
  • Yours to fill out and keep for your records;
  • Compatible with most PDF-viewing applications;
  • Fill out the form in our online filing application.

Download a printable version of Freddie Mac Form 1077 by clicking the link below or browse more documents and templates provided by the Federal Home Loan Mortgage Corporation (Freddie Mac).

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Download Freddie Mac Form 1077 "Uniform Underwriting and Transmittal Summary"

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Uniform Underwriting and Transmittal Summary
I. Borrower and Property Information
Borrower Name________________________________________________________________________
Occupancy Status
Sales Price$______________________
Total # of Borrowers____________________
 Primary Residence
Appraised Value $__________________
Property Address_______________________________________________________________________
 Second Home
 Investment Property
Property Type
Project Classification
 1 unit
Freddie Mac
Fannie Mae
 2 units
 Streamlined Review
 E Established PUD Project
Property Rights
 3 units
 Established Project
 F New PUD Project
 Fee Simple
 4 units
 New Project
 P Limited Review - New Condo Project
 Leasehold
 Condominium
 Detached Project
 Q Limited Review - Established Condo Project
 PUD
 Co-op
 2- to 4-unit Project
 R Full Review - New Condo Project
 Manufactured Housing
 Exempt from Review
 S Full Review - Established Condo Project
 Single Wide  Multiwide
 Reciprocal Review
 T Fannie Mae Review through PERS - Condo Project
 U FHA-approved Condo Project
 V Condo Project Review Waived
 1 Full Review - Co-op Project
 2 Fannie Mae Review through PERS - Co-op Project
Project Name_______________________________________________
Fannie Mae Condo Project Manager™ Project ID# (if any) __________________________________________
II. Mortgage Information
Loan Type
Amortization Type
Loan Purpose
Lien Position
 Conventional
 Fixed-Rate—Monthly Payments
 Purchase
 First Mortgage
 FHA
 Fixed-Rate—Biweekly Payments
 Cash-Out Refinance
Amount of Subordinate Financing
 VA
 Balloon
 Limited Cash-Out Refinance (Fannie)
$ __________________________
 USDA/RD
 ARM (type)
 No Cash-Out Refinance (Freddie)
(If HELOC, include balance and credit limit)
 Other (specify)
 Home Improvement
 Second Mortgage
 Construction Conversion/Construction to Permanent
Note Information
Mortgage Originator
Temporary Buydown
Loan Amount $_____________
 Seller
 Yes
Note Rate ___________________ %
 Broker
 No
Loan Term (in months) ______________
 Correspondent
Terms _________________
Broker/Correspondent Name and Company Name:
III. Underwriting Information
Underwriter’s Name
Appraiser’s Name/License #
Appraisal Company Name
__________________________________________
____________________________________________________
________________________________________________________________
Stable Monthly Income
Proposed Monthly Payment for the Property
 
Borrower 1
$_____________
First Mortgage P&I
$____________________
 
Borrower 2
$_____________
Subordinate Lien (s) P&I
$____________________
 
Borrower 3
$_____________
Loan-to-Value Ratios
Homeowner’s Insurance
$____________________
 
Borrower 4
$_____________
LTV________________%
Supplemental Property Insurance
$____________________
Other Borrowers (5+)
$_____________
CLTV/TLTV__________%
Property Taxes
$____________________
 
Rental Income - subject property
$_____________
HCLTV/HTLTV________%
Mortgage Insurance
$____________________
 
Net Rental Income - other properties
$_____________
Association/Project Dues (Condo, Co-Op, PUD)
$____________________
Total Borrower Income
$_____________
Other
$____________________
 At least one borrower is self-employed
Total
$____________________
Level of Property Review
Qualifying Ratios
 Exterior/Interior
Primary Housing Expense/Income
__________%
 Exterior Only
All Other Monthly Payments Used in Qualifying
$____________________
__________%
 No Appraisal
Total Obligations/Income(DTI)
Form Number__________
Borrower Funds to Close
 
Qualifying Rate
Required
$____________________
 
 Rate Used for Qualifying
__________%
Escrow (T&I)
 Yes  No
Verified Assets
$____________________
 
 Initial Bought-Down Rate
__________%
 
 Other
__________%
No. of Months Reserves__________________
Risk Assessment
Interested Party Contributions______________%
 Manual Underwriting
 AUS
Affordable Housing Initiative
Homeownership Education Certificate in File
 DU  LPA  Other
 Yes  No
 Yes  No
AUS Recommendation
DU Case ID/LP AUS Key#
LPA Doc Class (Freddie)
Representative Credit/Indicator Score
Underwriter Comments
IV. Seller and Contact Information
Seller Name_____________________________________
Contact Name________________________________
Contact Phone Number________________
Seller Address___________________________________
Contact Title_________________________________
___________________________________
_______________________________________________
Seller No_______________________________________
Investor Loan No______________________________
Seller Loan No___________________________________
Freddie Mac Form 1077
12/18
Page 1 of 1
Fannie Mae Form 1008
12/18
Uniform Underwriting and Transmittal Summary
I. Borrower and Property Information
Borrower Name________________________________________________________________________
Occupancy Status
Sales Price$______________________
Total # of Borrowers____________________
 Primary Residence
Appraised Value $__________________
Property Address_______________________________________________________________________
 Second Home
 Investment Property
Property Type
Project Classification
 1 unit
Freddie Mac
Fannie Mae
 2 units
 Streamlined Review
 E Established PUD Project
Property Rights
 3 units
 Established Project
 F New PUD Project
 Fee Simple
 4 units
 New Project
 P Limited Review - New Condo Project
 Leasehold
 Condominium
 Detached Project
 Q Limited Review - Established Condo Project
 PUD
 Co-op
 2- to 4-unit Project
 R Full Review - New Condo Project
 Manufactured Housing
 Exempt from Review
 S Full Review - Established Condo Project
 Single Wide  Multiwide
 Reciprocal Review
 T Fannie Mae Review through PERS - Condo Project
 U FHA-approved Condo Project
 V Condo Project Review Waived
 1 Full Review - Co-op Project
 2 Fannie Mae Review through PERS - Co-op Project
Project Name_______________________________________________
Fannie Mae Condo Project Manager™ Project ID# (if any) __________________________________________
II. Mortgage Information
Loan Type
Amortization Type
Loan Purpose
Lien Position
 Conventional
 Fixed-Rate—Monthly Payments
 Purchase
 First Mortgage
 FHA
 Fixed-Rate—Biweekly Payments
 Cash-Out Refinance
Amount of Subordinate Financing
 VA
 Balloon
 Limited Cash-Out Refinance (Fannie)
$ __________________________
 USDA/RD
 ARM (type)
 No Cash-Out Refinance (Freddie)
(If HELOC, include balance and credit limit)
 Other (specify)
 Home Improvement
 Second Mortgage
 Construction Conversion/Construction to Permanent
Note Information
Mortgage Originator
Temporary Buydown
Loan Amount $_____________
 Seller
 Yes
Note Rate ___________________ %
 Broker
 No
Loan Term (in months) ______________
 Correspondent
Terms _________________
Broker/Correspondent Name and Company Name:
III. Underwriting Information
Underwriter’s Name
Appraiser’s Name/License #
Appraisal Company Name
__________________________________________
____________________________________________________
________________________________________________________________
Stable Monthly Income
Proposed Monthly Payment for the Property
 
Borrower 1
$_____________
First Mortgage P&I
$____________________
 
Borrower 2
$_____________
Subordinate Lien (s) P&I
$____________________
 
Borrower 3
$_____________
Loan-to-Value Ratios
Homeowner’s Insurance
$____________________
 
Borrower 4
$_____________
LTV________________%
Supplemental Property Insurance
$____________________
Other Borrowers (5+)
$_____________
CLTV/TLTV__________%
Property Taxes
$____________________
 
Rental Income - subject property
$_____________
HCLTV/HTLTV________%
Mortgage Insurance
$____________________
 
Net Rental Income - other properties
$_____________
Association/Project Dues (Condo, Co-Op, PUD)
$____________________
Total Borrower Income
$_____________
Other
$____________________
 At least one borrower is self-employed
Total
$____________________
Level of Property Review
Qualifying Ratios
 Exterior/Interior
Primary Housing Expense/Income
__________%
 Exterior Only
All Other Monthly Payments Used in Qualifying
$____________________
__________%
 No Appraisal
Total Obligations/Income(DTI)
Form Number__________
Borrower Funds to Close
 
Qualifying Rate
Required
$____________________
 
 Rate Used for Qualifying
__________%
Escrow (T&I)
 Yes  No
Verified Assets
$____________________
 
 Initial Bought-Down Rate
__________%
 
 Other
__________%
No. of Months Reserves__________________
Risk Assessment
Interested Party Contributions______________%
 Manual Underwriting
 AUS
Affordable Housing Initiative
Homeownership Education Certificate in File
 DU  LPA  Other
 Yes  No
 Yes  No
AUS Recommendation
DU Case ID/LP AUS Key#
LPA Doc Class (Freddie)
Representative Credit/Indicator Score
Underwriter Comments
IV. Seller and Contact Information
Seller Name_____________________________________
Contact Name________________________________
Contact Phone Number________________
Seller Address___________________________________
Contact Title_________________________________
___________________________________
_______________________________________________
Seller No_______________________________________
Investor Loan No______________________________
Seller Loan No___________________________________
Freddie Mac Form 1077
12/18
Page 1 of 1
Fannie Mae Form 1008
12/18