Investor Presentaiton
Servicing and Collateral Oversight
The Collateral Administrator, if any, and Guarantor each have responsibilities for management of the collateral and servicing.
COLLATERAL ADMINISTRATOR
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General oversight of the Servicer(s)
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Consent, withhold consent or waive the right to consent to the Servicers':
Strategy for implementing foreclosure alternatives and administration of defaulted loans
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о Property valuations and sale of any REO properties
Litigation settlement offers
Review alleged Material Breaches, Collateral Deficiency Losses and Existing Lien Losses, and issue Notices of Breach or
Indemnification to Freddie Mac
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GUARANTOR OVERSIGHT AND SERVICING REMEDY MANAGEMENT PROCESS
Servicers provide monthly data to Freddie Mac as Guarantor
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Guarantor monitors remittance data and may request additional documentation to evaluate Servicers' compliance with the PSA
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If a servicing defect is identified, the Guarantor may determine if it is the result of a servicing violation, and whether or not it can be
remedied:
Where the defect can be remedied, the Servicer will be required to remedy the defect within the servicing correction
period of 90 days
Where the defect cannot be remedied (e.g., extinguishes the lien, etc.), the Servicer may be issued a servicing remedy
letter including a servicing remedy amount
The servicing remedy amount is determined by the Guarantor and is payable by the Servicer to compensate for damages,
expenses and losses resulting from the servicing defect
CONFIDENTIAL
SLST 2023-1
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Prepared by Investments and Capital
Freddie Mac
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