SanctionSearch™

Freddie Mac Exlusionary Search

The Freddie Mac Exclusionary verification searches business name, DBA names, and owner names against the Freddie Mac Exclusionary List. The Freddie Mac Exclusionary List is a listing of individuals and companies that are not eligible to participate in loans purchased by Freddie Mac. This information is available only to FLD subscribers who are Freddie Mac Seller/Servicers.

OFAC Compliance

A search of the United States Department of the Treasury’s Office of Foreign Asset Controls’ Specially Designated Nationals database provides evidence of compliance with the USA PATRIOT Act. The United States Department of the Treasury’s Office of Foreign Asset Controls was formed to administer and enforce economic and trade sanctions based on US foreign policy and national security goals. These sanctions are against targeted foreign countries, terrorists, international narcotics traffickers, and those engaged in activities related to the proliferation of weapons of mass destruction.

Though OFAC was formally organized more than fifty years ago, it was not until after the USA PATRIOT Act was signed into being on October 26, 2001, that mortgage lenders started screening their broker, correspondent, and other business partners’ names against OFAC’s Specially Designated Nationals (SDN) List. “Specially Designated Nationals” or “SDNs” are those individuals and companies that have been identified as being owned or controlled by, or acting for or on behalf of, targeted countries; however, it also includes individuals, groups, and entities, such as terrorists and narcotics traffickers designated under programs that are not country-specific. The assets of SDNs are blocked, or in other terms frozen, and U.S. persons are generally prohibited from dealing with them.

The SDN list is frequently updated when it is necessary and appropriate to add or remove names.

HUDSearch

The HUD Limited Denial of Participation list includes those that have refused to follow the U.S. Department of Housing and Urban Development’s statutory and regulatory requirements and have therefore been suspended or debarred, voluntarily or involuntarily, from further government business.

EPLSEnsure

The Excluded Parties List System (EPLS) is a comprehensive list of individuals and entities excluded from receiving contracts, assistance, and benefits by various federal government agencies, including HUD.

OCCEnforcements

Formal enforcement actions against banking organizations and institution-affiliated parties are reported by the Comptroller of the Currency of the US Department of the Treasury.